Draft Recovery Plan Guideline

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Following consultation with stakeholders, including sector representatives, associations and others, BC Financial Services Authority (“BCFSA”) has published a Recovery Plan Guideline outlining the expectations for all financial institutions that are incorporated in B.C.

The 60-day consultation was initiated with the release of our draft Recovery Plan Guideline on October 4, 2021. BCFSA met with various stakeholder organizations and sub-sector representatives and invited stakeholders to submit written feedback.

BCFSA values the feedback it receives during its consultations. Where appropriate, the feedback was used to amend and strengthen the Guideline. For further information, please see the Recovery Plan Guideline and a summary of BCFSA’s responses to the feedback received during the consultation.