1. · Monitors and identifies issues that might

1.    
Regulatory Body:

Ø  OSFI – Office
of the Superintendent of Financial Institutions (Federal Regulator)

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·      
Keep a watch over federally regulated
financial institutions and pension plans to check that they are in sound financial condition and meet the regulatory and supervisory requirements.

·      
Monitors and identifies
issues that might impact the financial condition of federally regulated institutions negatively.

·      
Regulates federally
regulated financial institutions and foreign bank representative offices.

Ø  FICOM – Financial Institutions
Commission of British Columbia (Provincial Regulator)

·      
Protects consumers
from unnecessary loss and unfair market behaviour by providing fair and balanced regulation of provincially regulated financial institutions in British Columbia.

·      
Regulates mortgage
brokers, credit union deposit insurance corporation, financial institutions (credit unions, insurance and trust companies), real estate brokers and pension plans.

Ø  IIROC – Investment
Industry Regulatory Organization of Canada (Provincial Regulator)

·      
Regulates by setting
rules regarding the skill, business and financial performance required by dealer firms and their employees in Canadian equity marketplaces.

·      
Regulates dealer
firms, exchanges and alternative trading systems, individual advisors.

Ø  FINTRAC – Financial
Transactions and Reports Analysis Centre of Canada (Federal Regulator)

·      
Assists in detecting and preventing
money laundering and financing of terrorist activities.

·        
Regulates banks, credit
unions, financial services cooperatives, life insurance companies, brokers and agents, securities dealers, money service businesses, agents of the crown that sell money orders, accountants and accounting firms, real estate brokers, casinos, dealers in precious metals and stones, public notaries and notary corporations of B.C.

2.    
Regulatory Body – Insurance:

Ø  Canadian Investor
Protection Fund (CIPF)

·      
Protect eligible clients
against loss in the event of member firm’s bankruptcy.

·      
Covers an investment
dealer that is a member of IIROC.

·      
Coverage Limit:
$1,000,000 (any combination of cash, securities, futures contracts, segregated
insurance funds)

Ø  Canadian Deposit
Insurance Corporation (CDIC)

·      
Protects against loss
of deposits at member institutions in the event of the member institution’s
failure.

·      
Covers members like
banks, federally regulated credit unions, loan and trust companies,
associations governed by Cooperative Credit Associations that collect deposits.

·      
Coverage Limit: $100,000
(per insured category) (only for eligible deposits)

Ø  Assuris

·      
Protects Canadian policyholders
in the event of their life insurance company failure.

·      
 

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