Directory of Agencies


Financial Institutions Commission

The Financial Institutions Commission (FICOM) has regulatory responsibility for financial institutions (credit unions, insurance and trust companies):

Credit Unions and Trusts:

  • regulates credit unions and trust companies under the Financial Institutions Act and the Credit Union Incorporation Act, and;
  • administers deposit insurance for credit unions through the Credit Union Deposit Insurance Corporation.
Insurance:
  • responsible for the regulation of insurers under the Financial Institutions Act,

    The Board...

    ...Composition

    The Commission consists of at least two but not more than 11 members. Members are appointed by the Lieutenant Governor in Council and must include: one member as the Chair, the Deputy Minister of Finance, and any additional members upon consultation with the Chair. The Lieutenant Governor in Council may also designate one member of the Commission to be the Vice Chair upon consultation with the Chair.

Current Members
Location: NORTH VANCOUVER
Position: Member
By Order: OIC 323/18, June 26, 2018
Expiry: June 26, 2020
Location: VANCOUVER
Position: Chair
By Order: OIC 816/16, December 31, 2016
Expiry: December 31, 2019
Location: VANCOUVER
Position: Member
By Order: Minister 323/18, June 26, 2018
Expiry: June 26, 2020
Location: VANCOUVER
Position: Member
By Order: OIC 323/18, June 26, 2018
Expiry: June 26, 2020
Location: NORTH VANCOUVER
Position: Member
By Order: OIC 323/18, December 31, 2018
Expiry: December 31, 2019
Location: VANCOUVER
Position: Member
By Order: OIC 323/18, June 26, 2018
Expiry: June 26, 2020
Location: BURNABY
Position: Member
By Order: OIC 323/18, December 31, 2018
Expiry: December 31, 2019
...Mandate

The Financial Institutions Commission is a regulatory agency of the provincial Ministry of Finance. FICOM (the agency) is responsible for administering 6 statutes that regulate the pension, and financial services sectors in British Columbia. The primary focus of this regulation is to ensure that:

  • institutions and pension plans in these sectors remain solvent;
  • market conduct requirements for these sectors are respected; and,
  • unsuitable individuals do not participate in financial service markets.

What's Involved

The Commission meets approximately 11 times per year.

For More Information...

Financial Institutions Commission
2800 - 555 West Hastings Street
Vancouver, BC V6B 4N6

Tel: 604 660-3555
Toll Free : 1 866-206-3030
Fax: 604 660-3365