Financial Services Authority Act
To make sure that B.C.’s financial services regulator is modern, effective and efficient the B.C. government is establishing a new independent Crown agency, the BC Financial Services Authority, to regulate credit unions, insurance and trust companies, pensions and mortgage brokers. Modernizing this key provincial regulator aligns B.C. with international best practices, brings it in line with other B.C. regulators and helps support a strong, sustainable economy. The new BC Financial Services Authority is anticipated to launch later this year.