2017, c. 34, Sched. 15.1 (1) This section applies with respect to documents and information to be delivered to, filed with or issued by the Superintendent under this or any other Act. 1997, c. 28, s. 28. 14, s. 1. Financial Services Act 2013; Asset Publisher. 100 of 2005: An Act to amend the law relating to financial services and markets, and for other purposes: Administered by: Treasury: Registered: 25 Jul 2005: Start Date: 11 Mar 2002: Details. Regulated activities. 1997, c. 28, s. 2 (3). Energy and Utilities. (c)  all persons engaged in the business of insurance and governed by the Insurance Act. 17, s. 20 (9). (5) The Superintendent may administer an oath required under this Act and any other Act that confers powers on or assigns duties to the Superintendent. 1997, c. 28, s. 10 (3); 2017, c. 34, Sched. (d)  supervise generally the regulated sectors. No amending legislation available on CanLII, Financial Services Commission of Ontario Act, 1997, Note: This Act was repealed on December 8, 2020. (4) In setting an assessment under subsection (1) in respect of a regulated sector, the Lieutenant Governor in Council shall take into account the fees that the Crown has received from the entities that form part of the sector. (c)  when and how to make it available to the public. 1997, c. 28, s. 8 (2); 2017, c. 34, Sched. (3.0.1) The Minister may, subject to the conditions that the Minister considers appropriate, delegate in writing to any person employed in the Ministry the exercise of any power or the performance of any duty conferred on or assigned to the Superintendent or the Commission under this Act or any other Act. FINANCIAL SERVICES ACT, 2007 (as amended, 2010) ARRANGEMENT OF SECTIONS . … I, s. 3 (1). Powers of Commission 8. null Financial Services Act 2013 Print . Financial Services Commission of Ontario Act, 1997. 5, s. 3 (3). 2009, c. 33, Sched. Operational Date: August 2, 2001. 2013-22. Some sections of the Administrative Tribunals Act also govern appeals at the Tribunal. (2) The Authority, as an agent of the government, is not liable to taxation, except to the extent that the government is liable. FSCO was established by the Financial Services Commission of Ontario Act, 1997. 5 (1) There shall be a Superintendent of Financial Services appointed under Part III of the Public Service of Ontario Act, 2006 who shall be the chief executive officer of the Commission. C, s. 43 (1). “A fantastic product for anybody who needs to manage multiple contacts and priorities. Financial Services Reform Act 2001 - C2005C00498; In force - Latest Version; View Series; Act No. Legislation Financial Services Act 2013. I, s. 3 (1). (2.1) If an agreement under section 100 of the Pension Benefits Act provides for the delegation to the Superintendent of any powers or duties of a person who has supervisory or regulatory powers under the pension benefits legislation of another jurisdiction, the Superintendent is authorized to exercise those powers and perform those duties. 29-229 Omitted (amends or repeals other Acts). The Corporations Act 2001 imposes: a single licensing regime for financial sales, advice and dealings in relation to financial products, consistent and comparable financial product disclosure, and a single authorisation procedure for financial exchanges and clearing and settlement facilities. The Board (1) The Commission shall be administered and managed by a Board. Functions of Commission 7. Definitions. 1997, c. 28, s. 4 (4). (5) Repealed: 2014, c. 9, Sched. Establishment of Commission 4. (e)  all mortgage brokerages, mortgage brokers, mortgage agents and mortgage administrators licensed under the Mortgage Brokerages, Lenders and Administrators Act, 2006, (f)  all persons who establish or administer a pension plan within the meaning of the Pension Benefits Act and all employers or other persons on their behalf who are required to contribute to any such pension plan, or, (g)  all persons licensed to establish and administer pooled registered pension plans under the Pooled Registered Pension Plans Act, 2015 and all employers who enter into contracts with those persons; (“secteur réglementé”), “Superintendent” means the Superintendent of Financial Services appointed under section 5; (“surintendant”). S.O. 7. (5) If a person or entity who has a licence issued under the Mortgage Brokerages, Lenders and Administrators Act, 2006 and who is assessed does not pay the assessment, the Superintendent may revoke the person’s or entity’s licence. Previous Versions, Full Document: Financial Administration Act, Financial Transactions Related to Asset Management, Stability and Efficiency of the Financial System, Assignment of Debts Due to the Crown Under Payment Bonds, Implementation of World Trade Organization Agreement, Implementation of Canadian Free Trade Agreement, Implementation of Canada-Chile Free Trade Agreement, Implementation of Canada–Colombia Free Trade Agreement, Implementation of Canada — Costa Rica Free Trade Agreement, Implementation of Canada–Peru Free Trade Agreement, Implementation of Other Free Trade Agreements, Orders — Terms and Conditions of Employment, - Portions of the Core Public Administration, 2017 Toronto Invictus Games Remission Order, Accountable Education and Travel Advance Regulations (Dependants of Members of the Canadian Forces), Accountable Travel and Moving Advance Regulations (Canadian Forces), Accountable Travel and Moving Advance Regulations (Dependants of Members of the Canadian Forces), Accredited ICAO Missions Remission Order (Part IX of the Excise Tax Act), Acquisition of Permanent Resident Status Fee Remission Order, Administration of Labour Market Development Services Divestiture Regulations, Advance Payments for Crops Guarantee Assignments Regulations, AECB Cost Recovery Fees Remission Order, 1997, Air Canada to Apply for Articles of Amendment to Amend its Articles of Incorporation, Order Authorizing, Airborne Remote Sensing Services Fees Order, 1989, Aircraft (International Service) Remission Order, Alexander First Nation Treaty Land Entitlement Remission Order, American Bases in Newfoundland Remission Order, 1990, Annex Code 9075 Sales Tax Remission Order, Application for Citizenship — Minors Remission Order, Atomic Energy Control Board Cost Recovery Fees Remission Order, Atomic Energy of Canada Limited Authorization Order, 1988, Atomic Energy of Canada Limited Authorization Order, 1988-2, Banff National Park of Canada Siksika Nation Castle Mountain Land and Timber Claim Settlement Agreement Rent and Fee Remission Order, Blainville Motor Vehicle Test Centre Benefit Eligibility Protection Regulations, British Columbia Forestry Revitalization Remission Order, British Columbia Indemnity Interest Remission Order (HST), Broadcast Technical Data Services Fees Order, Camp Ipperwash Indian Settlement Remission Order, 2003, Canada Assistance Plan (British Columbia) Remission Order, Canada Communication Group Divestiture Regulations, Canada Development Investment Corporation Registered Office Relocation Order, Canada Post Corporation Withdrawal Regulations, Canada Post Systems Management Limited Authorization Order, 1990, Canada Post Systems Management Limited Incorporation Authorization Order, Canada Revenue Agency Annual Report to Parliament, Order Discontinuing the, Canadian Exploration Expense Remission Order, Canadian Films and Video Tapes Certification Fees Order, Canadian National Railway Company Wholly-Owned Subsidiaries Incorporation Authorization Order, 1990, Canadian Patrol Frigate Project Remission Order, Canadian Tourism Commission Divestiture Regulations, Capacity Plates and Conformity Plates Charges Order, Cape Breton Development Corporation Employees Pre-Retirement Remission Order, Cedar Point-Christian Island Ferry Fees Regulations, Certain Canada Port Authorities Divestiture Regulations, Certain Commercial Salmon Fishing Licences Fees Remission Order, Certain Fees Relating to Export Certificates Remission Order, Certain Flights Charge and Tax Remission Order, Certain Foreign Marine Carriers Remission Order, Certain Hidden Valley Golf Resort Association Members Remission Order, Certain Marine Carriers Remission Order, 2011, Certain Road Vehicle Supply Remission Order, Certain Taxpayers Remission Order, 2000-3, Certain Unauthorized Payments in Respect of Travel Expenses and Other Expenses, Allowances and Benefits (Canadian Forces) Remission Order, Champagne and Aishihik First Nations (GST) Remission Order, Coast Guard Radio Station Communications Charges Order, 1994, Coin-operated Devices (Streamlined Accounting Users) Remission Order, Commission for Environmental Cooperation (Director) Remission Order (Part IX of the Excise Tax Act), Commission for Environmental Cooperation (Executive Director) Remission Order (Part IX of the Excise Tax Act), Commission for Environmental Cooperation Remission Order (Part IX of the Excise Tax Act), Computer Generated Mailing List Remission Order, Consular Fees (Specialized Services) Regulations, Contractor and Homeowner Course Registration Fees Order, Cooperative Vereniging International Post Corporation U.A. 2006, c. 34, s. 33 (1). 9 (1) The Commission shall establish conflict of interest guidelines with which the members of the Commission and the employees of the Commission shall comply. 2 [Repealed], Drug Evaluation Fees Regulations [Repealed], Establishment Licensing Fees (Veterinary Drugs) Regulations [Repealed], Fees In Respect of Medical Devices Regulations [Repealed], Fees to be Paid for a Pest Control Product Application Examination Service Provided by or on behalf of Her Majesty in Right of Canada, for a Right or Privilege to Manufacture or Sell a Pest Control Product in Canada and for Establishing a Maximum Residue Limit in Relation to a Pest Control Product, Regulations Prescribing the [Repealed], Indian Oil and Gas Regulations, 1995 [Repealed], Order Declaring that all Provisions of Part X of the Financial Administration Act, Other Than Section 90, Apply to PPP Canada Inc. [Repealed], Order Declaring that all Provisions of Part X of the Financial Administration Act Apply to Parc Downsview Park Inc. [Repealed], Order Designating the Honourable Kirsty Duncan as the Minister for the purposes of the Natural Sciences and Engineering Research Council Act and Designating the Minister of Science as the appropriate Minister for the purposes of the Financial Administration Act [Repealed], Order Designating the Honourable Kirsty Duncan as the Minister for the purposes of the Social Sciences and Humanities Research Council Act and Designating the Minister of Science as the appropriate Minister for the purposes of the Financial Administration Act [Repealed], Order Designating the Leader of the Government in the House of Commons as the appropriate Minister with respect to the Canadian Transportation Accident Investigation and Safety Board for the purposes of the Act [Repealed], Order Designating the Minister of Foreign Affairs for the Purposes of the National Capital Act [Repealed], Order Designating the Minister of Industry as Appropriate Minister with Respect to the Natural Sciences and Engineering Research Council of Canada for Purposes of the Act [Repealed], Order Designating the Minister of Industry as Appropriate Minister with Respect to the Social Sciences and Humanities Research Council of Canada for Purposes of the Act [Repealed], Order Designating the Minister of Industry as the Designated Minister for purposes of the Business Development Bank of Canada Act and as appropriate Minister with respect to the Business Development Bank of Canada for purposes of the Financial Administration Act [Repealed], Order Designating the Minister of Industry, Science and Technology as Minister for Purposes of the Natural Sciences and Engineering Research Council Act and as Appropriate Minister with Respect to the Natural Sciences and Engineering Research Council for Purposes of the Financial Administration Act [Repealed], Order Designating the Minister of Industry, Science and Technology as Minister for Purposes of the Social Sciences and Humanities Research Council Act and as Appropriate Minister with Respect to the Social Sciences and Humanities Research Council for Purposes of the Financial Adrministration Act [Repealed], Order designating the Minister of Science, a member of the Queen’s Privy Council for Canada, as the Minister for the purposes of the Natural Sciences and Engineering Research Council Act and as the appropriate Minister for the purposes of the Financial Administration Act [Repealed], Order designating the Minister of Science, a member of the Queen’s Privy Council for Canada, as the Minister for the purposes of the Social Sciences and Humanities Research Council Act and as the appropriate Minister for the purposes of the Financial Administration Act [Repealed], Order designating the Minister of Small Business and Tourism, a member of the Queen’s Privy Council for Canada, (1) as the Designated Minister for the purposes of the Business Development Bank of Canada Act; and (2) as the appropriate Minister with respect to the Business Development Bank of Canada for the purposes of the Financial Administration Act [Repealed], Order Designating the Minister of Transport as Appropriate Minister with Respect to the National Capital Commission for Purposes of the Act [Repealed], Order Designating the Position of Deputy Minister of National Defence to the Position of Deputy Head in Respect of the Communications Security Establishment [Repealed], Passport Services Fees Regulations [Repealed], Scientific or Technical Assistance Fees Order (Research Branch — Agriculture) [Repealed], Telecommunications Apparatus Assessment and Testing Fees Order [Repealed], Veterinary Drug Evaluation Fees Regulations [Repealed], French Constitutional Drafting Committee (1990), Statutes Repeal Act: Reports, Deferrals and Repeals, Miscellaneous Statute Law Amendment Program, Typographical and Grammatical Corrections, Table of Public Statutes and Responsible Ministers, Consolidated Index of Statutory Instruments. 5, s. 2. (d)  all corporations registered or incorporated under the Loan and Trust Corporations Act. 15.0.1 The Minister shall table the Commission’s annual report in the Assembly and shall comply with such directives as may be issued by the Management Board of Cabinet with respect to when to table it. (3) The Commission shall include such additional content in the annual report as the Minister may require. 1997, c. 28, s. 2 (2); 2014, c. 9, Sched. 46, s. 16. Very easy to learn and invaluable in helping anyone manage their sales and customers.” Bill S. – President, Financial Services I continue to recommend Act! 15 (1) The Commission shall prepare an annual report, provide it to the Minister and make it available to the public. On 9 April 2010, the Financial Services Act 2010 was published and the FSA also published a statement relating to the Act together with a related new webpage. Financial Services Commission of Ontario Act, 1997, SO 1997, c 28, <, This statute is current to 2019-12-08 according to the, 18. between Apr 1, 2019 and Jun 30, 2019 (past), 17. between Jan 1, 2018 and Mar 31, 2019 (past), 16. between Jul 1, 2017 and Dec 31, 2017 (past), 15. between Nov 8, 2016 and Jun 30, 2017 (past), 14. between Apr 1, 2016 and Nov 7, 2016 (past), 13. between Jun 1, 2014 and Mar 31, 2016 (past), 12. between Jan 1, 2013 and May 31, 2014 (past), 11. between Dec 31, 2011 and Dec 31, 2012 (past), 10. between Dec 8, 2010 and Dec 30, 2011 (past), 9. between Oct 1, 2010 and Dec 7, 2010 (past), 8. between Dec 15, 2009 and Sep 30, 2010 (past), 7. between Jul 1, 2008 and Dec 14, 2009 (past), 6. between Aug 20, 2007 and Jun 30, 2008 (past), 5. between Dec 20, 2006 and Aug 19, 2007 (past), 4. between Jun 22, 2006 and Dec 19, 2006 (past), 3. between Dec 16, 2004 and Jun 21, 2006 (past), 2. between Nov 30, 2004 and Dec 15, 2004 (past), 1. between Dec 22, 1999 and Nov 29, 2004 (past), Assessment of Expenses and Expenditures - Credit Unions Sector, Assessment of Expenses and Expenditures - Insurance Sector, Credit Unions and Caisses Populaires Act, 1994, Mortgage Brokerages, Lenders and Administrators Act, 2006, Pooled Registered Pension Plans Act, 2015, Crown Liability and Proceedings Act, 2019. I, s. 3 (1). (c)  to provide the resources necessary for the proper functioning of the Tribunal. (3) The manner of determining the share may vary for each regulated sector or for the entities that form part of the sector. Short title 2. An Act to make provision about the regulation of financial services and markets; to provide for the transfer of certain statutory functions relating to building societies, friendly societies, industrial and provident societies and certain other mutual societies; and for connected purposes. "Authority" means the BC Financial Services Authority established under section 2 of the Financial Services Authority Act; ... R.S.B.C. 2017, c. 34, Sched. 1997, c. 28, s. 2 (1). 2014, c. 9, Sched. I, s. 3 (1). 26, s. 2. Act!, the financial services CRM of choice! Expand Table of contents. 9. (a)  be responsible for the financial and administrative affairs of the Commission; (b)  exercise the powers and duties conferred on or assigned to the Superintendent; (c)  administer and enforce this Act and every other Act that confers powers on or assigns duties to the Superintendent; and. 17, s. 20 (3). 14 The Auditor General shall examine annually the accounts and financial transactions of the Commission. Home; About us; Services; Reviews; FAQ; Contact Us; Blog; Home; About us; Services; Reviews; FAQ; Contact Us; Blog; Accounting You Can Count On Trust Worthy Experienced Professional. (4) Despite any requirement in or under this or any other Act, the Superintendent may require a document or information that is to be delivered to, filed with or issued by him or her to be delivered, filed or issued in electronic format or another format specified by the Superintendent. (d)  an agreement under section 5 (Bilateral agreement) or 6 (Multilateral agreement) of the Pooled Registered Pension Plans Act (Canada), as those sections apply for the purposes of the Pooled Registered Pension Plans Act, 2015. 24 Repealed: 2017, c. 34, Sched. (2) The Commission shall deliver a copy of the guidelines to the Minister. More. 1997, c. 28, s. 9 (2). Contact Us. Last amendment: 2020, c. 36, Sched. Regulations. (1.1) Despite subsection 8 (3) of the Crown Liability and Proceedings Act, 2019, subsection (1) does not relieve the Crown of any liability to which it would otherwise be subject. 1999, c. 12, Sched. 17, s. 20 (7). 1997, c. 28, s. 25 (1); 2014, c. 9, Sched. 3, National Revenue Transfer of Property Regulations, Nautical Charts and Related Publications Fees Order, Nisga’a Final Agreement Indian Remission Order, Non-Commercial Importations Remission Order, Non-Profit Grazing Associations (GST) Remission Order, Non-residential Leases and Licences of Occupation Under the Administration of the Parks Canada Agency, Remission Order in Respect of, Non-signatory Yukon First Nations Remission Order, Nordion Europe S.A. Incorporation Authorization Order, Nordion International Inc./Theratronics International Limited Shares Order, 1988, Nordion International Incorporation Authorization Order (Incorporation of Corporations), Northern Pipeline Agency Cost Recovery Charge Remission Order, 2004, Nova Scotia Public Service Long Term Disability Plan Trust Fund Remission Order, Office of the Registrar General Fees for Services Order, One-day Local Employment Seminars Fee or Charge Order, Order Authorizing the Minister of Agriculture to Prescribe Fees, Order Authorizing the Minister of Consumer and Corporate Affairs to Prescribe Fees, Order Authorizing the Minister of Energy, Mines and Resources to Prescribe Fees, Order Authorizing the Minister of Foreign Affairs to Prescribe the Fee, Order Authorizing the Minister of the Environment to Prescribe Charges, Order Authorizing the Minister of Transport to Prescribe Fees (Pleasure Craft), Order Authorizing the Minister of Transport to Prescribe Fees (Ship/Shore Communications Services), Order Designating Ministers under Certain Federal Acts, Order Designating the Chairperson of the Indian Residential Schools Truth and Reconciliation Commission as Deputy Head, Order Designating the Commission of Inquiry into the Actions of Canadian Officials in Relation to Maher Arar as a Department and Designating the Prime Minister as Appropriate Minister with Respect to the Commission, Order Designating the Commission of Inquiry into the Deployment of Canadian Forces to Somalia as a Department and the Prime Minister as Appropriate Minister, Order Designating the Commission of Inquiry into the Investigation of the Bombing of Air India Flight 182 as a Department and the Prime Minister as Appropriate Minister, Order Designating the Commission of Inquiry on the Blood System in Canada as a Department and the Prime Minister as Appropriate Minister, Order Designating the Commission on the Future of Health Care in Canada as a Department and the Prime Minister as Appropriate Minister, Order Designating the Commission that is Named the Joint Public Inquiry into the Nova Scotia April 2020 Tragedy as a Department for the Purposes of that Act, Order Designating the Deputy Minister of the Department of Indigenous Services Canada as Deputy Head in respect of that Entity, Order Designating the Executive Director of the Public Appointments Commission Secretariat as Deputy Head, Order Designating the Internal Inquiry into the Actions of Canadian Officials in Relation to Abdullah Almalki, Ahmad Abou-Emaati and Muayyed Nureddin as a Department for Purposes of the Act and the Prime Minister as Appropriate Minister, Order Designating the Minister for International Trade (1) as the Designated Minister for the purposes of the Business Development Bank of Canada Act; and (2) as the appropriate Minister with respect to the Business Development Bank of Canada for the purposes of the Financial Administration Act, Order Designating the Minister for International Trade as Minister for Purposes of the Export Development Act and as Appropriate Minister with Respect to Export Development Canada for Purposes of the Financial Administration Act, Order Designating the Minister of Communications as Appropriate Minister with Respect to the National Archives, the National Film Board, the National Library, the National Gallery, the Canadian Museum of Nature, the Canadian Museum of Civilization and the National Museum of Science and Technology, Order Designating the Minister of Communications as Appropriate Minister with Respect to the National Battlefields Commission, Order Designating the Minister of Employment and Social Development as the appropriate Minister with respect to the Canadian Accessibility Standards Development Organization for the purposes of that Act, Order Designating the Minister of Health as Appropriate Minister with Respect to the Assisted Human Reproduction Agency of Canada for Purposes of the Act, Order Designating the Minister of Industry (1) as the Minister for the purposes of the Natural Sciences and Engineering Research Council Act; and (2) as the appropriate Minister with respect to the Natural Sciences and Engineering Research Council for the purposes of the Financial Administration Act, Order Designating the Minister of Industry as (1) the Minister for the purposes of the Social Sciences and Humanities Research Council Act; and (2) the appropriate Minister with respect to the Social Sciences and Humanities Research Council for the purposes of the Financial Administration Act, Order Designating the Minister of Industry, Science and Technology as Minister for Purposes of the Canadian Space Agency Act, the Canadian Space Agency as a Department, and the President of the Agency as Deputy Head, Order Designating the Minister of Industry, Science and Technology as Minister for Purposes of the National Research Council Act and as Appropriate Minister with Respect to the National Research Council of Canada for Purposes of the Financial Administration Act, Order Designating the Minister of Industry, Science and Technology as Minister for Purposes of the Statistics Act and for Purposes of the Financial Administration Act with Respect to Statistics Canada. 17, s. 20 (10). The Financial Services Act 2012 is an Act of the Parliament of the United Kingdom which implements a new regulatory framework for the financial system and financial services in the UK. (4) Subsections (1), (1.1) and (2) apply, with necessary modifications, with respect to every person who held office as the director of arbitrations as that office existed immediately before the repeal of section 6 of the Insurance Act by section 2 of Schedule 3 to  the Fighting Fraud and Reducing Automobile Insurance Rates Act, 2014 or as that office may be continued after that repeal by regulations under section 283 of the Insurance Act. Great business builder! 1997, c. 28, s. 5 (4). 26, s. 1 (2). (4) The Superintendent may appoint in writing any employee of the Commission, or any other person, to hold a hearing on behalf of the Superintendent and to exercise the powers and perform the duties of the Superintendent relating to the hearing. Appointed representatives. 1997, c. 28, ss. This Act is current to February 24, 2021: See the Tables of Legislative Changes for this Act’s legislative history, including any changes not in force. REQUEST A DEMO. The Tribunal has exclusive jurisdiction to exercise the powers conferred under the Financial Services Tribunal Act, 2017 and other Acts that confer powers on or assign duties to the Tribunal. 31 Mar 2016. The Financial Services Act (FSA) and the Islamic Financial Services Act (IFSA) came into force on 30 June 2013, replacing the repealed Payment System Act 2003 (PSA). 27 (1) Subject to the approval of the Minister, the Commission may require the payment of fees in relation to any matter under this Act and may set the amount of those fees. 1997, c. 28, s. 4 (2). (3) If an insurer that is assessed does not pay the assessment, the Superintendent may suspend or cancel the insurer’s licence issued under the Insurance Act. 1, Softwood Lumber Products Charge on Duty Deposit Refunds Remission Order, No. 1997, c. 28, s. 12 (3); 2017, c. 34, Sched. 2013/198. (b)  establish the terms of engagement and provide for the payment of the remuneration and expenses of the persons engaged under clause (a). The Act used a mixture of governmental regulation and self-regulation, and created a Securities and Investments Board presiding over various new self-regulating organisations. 2015, c. 9, s. 29 (3); 2019, c. 7, Sched. Anne’s Hospital Divestiture Regulations, Systems Software Development Contract Remission Order, Taxation Statistical Analyses and Data Processing Services Fees Order, Telecommunications and Electronic Maintenance Services Fees Order, Temporary Export of Aircraft Remission Order, Temporary Importation of Vessels Remission Order, No.