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Filing Requirements for Extraprovincial Trust Corporations Authorized in B.C.
Pursuant to section 163 of the Financial Institutions Act, every extraprovincial trust corporation authorized in B.C. at the end of its latest fiscal year is required to file year end information with this office.
Unless otherwise indicated, the filing requirements below are due within 90 days of the company’s fiscal year end and must be submitted through BCFSA’s IRIS portal.
| Filing Requirements | FIA Section | Format Required | OSFI | OSFI (Bank Parent) | Alta. | Que. |
|---|---|---|---|---|---|---|
| Annual Financial Statements (incl. any Auditor’s Report) | 163(1) | X | X | X | X | |
| Corporate Information Form | 163(3) | Fillable PDF | X | X | X | X |
| Extraprovincial Trust Annual Return | 163(1) | Excel | X | X | X | X |
| Parent’s Annual Financial Statements (if any, incl. any Auditor’s Report) | 163(1) | X | X | X | X | |
| Trust Annual Fee (Financial Institutions Fees Regulation section 2(1) and item 11) | - | - | X | X | X | X |
| BCAR – Basel Capital Adequacy Return | 163(1) | X | X | - | X | |
| LCR – Liquidity Coverage Ratio Return | 163(1) | X1 | X1 | - | - | |
| LRR – Leverage Requirements Return | 163(1) | X1 | X1 | - | - | |
| M4 – Balance Sheet | 163(1) | X | X | - | - | |
| NCCF – Net Cumulative Cash Flow | 163(1) | X1 | X1 | - | - | |
| NSFR – Net Stable Funding Ratio | 163(1) | X1 | X1 | - | - | |
| OCFS – Operating Cash Flow Statement | 163(1) | X1 | X1 | - | - | |
| P3 – Income Statement | 163(1) | X | X | - | - | |
| R2 – Regional Distribution of Selected Assets and Liabilities, if any | 163(1) | X | - | - | - | |
| Annual Statement to the Autorité des marchés financiers | 163(1) | - | - | - | X | |
| External Audit Opinion on the numerator and denominator of key regulatory ratios in BCAR Schedule 10.010/10.011, Leverage and TLAC Leverage ratios schedule of the LRR, and the LCR and NSFR returns | 163(3) | X1 | X1 | - | X1 | |
| Senior Management Attestation on the accuracy and completeness of the BCAR, LRR, LCR, NCCF, NSFR, OCFS COVER Schedules for Q4 | 163(3) | X1 | X1 | - | X1 | |
| Internal Audit Opinion on the effectiveness of the processes and internal controls in place for the BCAR, LRR, LCR, NSFR, NCCF, OCFS | 163(3) | X1,2 | X1,2 | - | X1,2 |
2 Required to be filed minimum once every three years based on trust corporation’s frequency of review.
Penalties for Non-Compliant Filing
Please note that some of the above filing submissions are subject to Non-Compliant Filings Administrative Penalty under the Administrative Penalties Regulation of the Financial Institutions Act.
Questions
If you have questions, please contact BCFSA at filings@bcfsa.ca.