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The Regulatory Roadmap (the “Roadmap”) lays out BCFSA’s anticipated regulatory priorities for the next three fiscal years. It is intended to increase transparency of BCFSA’s regulatory priorities and enable regulated entities to prepare for consultations and implementation of upcoming regulatory initiatives. It should be read in the context of commitments outlined in BCFSA’s Service Plan.
BCFSA’s mission is to promote confidence in British Columbia’s financial services sector by providing risk-based and proportional regulation and protecting the public.
BCFSA is dedicated to protecting the public and ensuring fair treatment for consumers of financial services in B.C. and remains focused on ensuring British Columbians receive the information and advice they need to make informed decisions.
BCFSA uses a risk-based prudential supervisory framework to identify imprudent or unsafe business practices and intervenes on a timely basis, as required. The rationale, principles, concepts, and core processes in BCFSA’s supervisory framework apply to all BCFSA regulated financial institutions.Read the 2023/2024 Regulatory Roadmap