Protecting financial consumers and merchants
Laws, regulations, codes and public commitments
Federally regulated financial entities are subject to various obligations under specific acts, regulations, codes of conduct and public commitments. Under our mandate, the Financial Consumer Agency of Canada (FCAC) oversees a number of these.
FCAC publishes Commissioner’s Decisions in their original form, with minimal revisions, according to a set of principles.
This section of the website presents Commissioner’s Guidance—that is, explanations of issues pertaining to acts, regulations and related policies, and how FCAC intends to apply them. While the Commissioner’s interpretation in a publication or a guidance document may provide insight, it is not a substitute for the law. It will be of interest to financial entities wishing to follow industry guidance.
Compliance Bulletins are information provided to federally regulated financial entities to describe how the Supervision and Promotion Branch views the broad requirements of legislation, regulations, codes of conduct or public commitments, and how it will drive the Supervision and Promotion Branch to action with federally regulated financial entities on compliance matters. This is not an official interpretation of the Commissioner.
From time to time, the Commissioner may request that the Supervision and Promotion Branch undertake a consultative process to gather the stakeholder’s opinion on a specific issue or project.
An industry review is an activity performed by the Supervision and Promotion Branch to gather information from federally regulated financial entities on a specific compliance matter. The Supervision and Promotion Branch conducts these reviews when a compliance issue has been identified as being industry-wide.
Special initiatives include supervisory compliance actions where the Supervision and Promotion Branch has been directed by the Commissioner to obtain information from the entities we regulate concerning their level of compliance with a regulatory requirement, code of conduct or public commitment.
This section provides information for existing regulated entities.
Forms and guides
This section provides important documents, forms and questionnaires that may apply to your federally regulated financial entity published by the Supervision and Promotion Branch.
Introduction letters for newly regulated entities
The introduction letter reviews some of the obligations of a federally regulated financial entity.
The Compliance Framework outlines the various ways FCAC oversees compliance pursuant to the Financial Consumer Agency of Canada Act. It is meant to provide users with a broad overview of the framework and allows users to navigate through additional levels of detail, as needed.
As of November 1, 2017, FCAC will supervise regulated entities in accordance with the updated Supervision Framework. The Supervision Framework summarizes FCAC’s legislative mandate, describes the entities that FCAC regulates and highlights FCAC’s risk-based approach to oversight. Finally, this document explains the activities and tools that FCAC leverages to fulfill its supervisory mandate.
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