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Filing Requirements for Trust Companies Authorized in the Province of B.C. (Extraprovincially Regulated)
Pursuant to section 163 of the Financial Institutions Act, every trust company incorporated by or under the laws of a jurisdiction other than British Columbia (extraprovincial trust company) that held a business authorization for this province at the end of its latest fiscal year is required to file year end information with this office.
The filing requirements table below is effective for annual periods beginning on or after November 1, 2022. 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) | Alberta | Quebec |
|---|---|---|---|---|---|---|
| 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 |
| BA – Basel Capital Adequacy Return (BCAR) | 163(1) | X | X | - | X | |
| LA – Liquidity Coverage Ratio Return | 163(1) | X1 | X1 | - | - | |
| LR – Leverage Ratio | 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 |
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 [email protected].