1. · Monitors and identifies issues that might

1.    Regulatory Body:Ø  OSFI – Officeof the Superintendent of Financial Institutions (Federal Regulator)·      Keep a watch over federally regulatedfinancial institutions and pension plans to check that they are in sound financial condition and meet the regulatory and supervisory requirements.·      Monitors and identifiesissues that might impact the financial condition of federally regulated institutions negatively.·      Regulates federallyregulated financial institutions and foreign bank representative offices.Ø  FICOM – Financial InstitutionsCommission of British Columbia (Provincial Regulator)·      Protects consumersfrom unnecessary loss and unfair market behaviour by providing fair and balanced regulation of provincially regulated financial institutions in British Columbia.

·      Regulates mortgagebrokers, credit union deposit insurance corporation, financial institutions (credit unions, insurance and trust companies), real estate brokers and pension plans.Ø  IIROC – InvestmentIndustry Regulatory Organization of Canada (Provincial Regulator)·      Regulates by settingrules regarding the skill, business and financial performance required by dealer firms and their employees in Canadian equity marketplaces.·      Regulates dealerfirms, exchanges and alternative trading systems, individual advisors.Ø  FINTRAC – FinancialTransactions and Reports Analysis Centre of Canada (Federal Regulator)·      Assists in detecting and preventingmoney laundering and financing of terrorist activities.·        Regulates banks, creditunions, 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.

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    Regulatory Body – Insurance:Ø  Canadian InvestorProtection Fund (CIPF)·      Protect eligible clientsagainst loss in the event of member firm’s bankruptcy.·      Covers an investmentdealer that is a member of IIROC.·      Coverage Limit:$1,000,000 (any combination of cash, securities, futures contracts, segregatedinsurance funds)Ø  Canadian DepositInsurance Corporation (CDIC)·      Protects against lossof deposits at member institutions in the event of the member institution’sfailure.·      Covers members likebanks, 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 policyholdersin the event of their life insurance company failure.·