Regulatory Roadmap

The Regulatory Roadmap (the “Roadmap”) lays out BCFSA’s anticipated regulatory priorities for the next three fiscal years. It is intended to increase transparency of BCFSA’s regulatory priorities and enable regulated entities to prepare for consultations and implementation of upcoming regulatory initiatives. It should be read in the context of commitments outlined in BCFSA’s Service Plan. 

BCFSA’s mission is to promote confidence in British Columbia’s financial services sector by providing risk-based and proportional regulation and protecting the public.

BCFSA is dedicated to protecting the public and ensuring fair treatment for consumers of financial services in B.C. and remains focused on ensuring British Columbians receive the information and advice they need to make informed decisions.

Read the 2024/2025 Regulatory Roadmap (will open in a new tab)

Segment PrioritiesPermanent link to this section

• Credit UnionsPermanent link to this section

  BCFSA’s regulatory priorities for provincially regulated credit unions are categorized into four main areas:

  1. Regulatory Framework Modernization;
  2. Crisis Preparedness;
  3. Natural Catastrophe & Climate Risk; and
  4. Digitalization Risk. 

• Real Estate ServicesPermanent link to this section

  BCFSA’s regulatory priorities for the real estate services segment is categorized into two main areas:

  1. Regulatory Framework Modernization; and
  2. Natural Catastrophe and Climate Risk.

• Real Estate Development MarketingPermanent link to this section

  BCFSA’s regulatory priorities for the real estate development marketing segment are categorized into two main areas:

  1. Regulatory Framework Modernization; and
  2. Natural Catastrophe and Climate Risk.

• Mortgage BrokersPermanent link to this section

  BCFSA’s regulatory priorities for the mortgage broker segment are categorized into two main areas:

  1. Regulatory Framework Modernization; and
  2. Natural Catastrophe and Climate Risk.

• Insurance CompaniesPermanent link to this section

  BCFSA’s regulatory priorities for insurance companies are categorized into three main areas:

  1. Regulatory Framework Modernization;
  2. Digitalization Risk; and
  3. Natural Catastrophes and Climate Risk.

• Pension PlansPermanent link to this section

  BCFSA’s regulatory priorities for B.C. pension plans are categorized into three main areas:

  1. Regulatory Framework Modernization;
  2. Digitalization Risk; and
  3. Natural Catastrophe and Climate Risk.

• Trust Companies Permanent link to this section

  BCFSA’s regulatory priorities for the Trust segment are categorized into two main areas:

  1. Regulatory Framework Modernization; and
  2. Digitalization Risk.

• Money Services Business Permanent link to this section

  BCFSA’s regulatory priorities for the money services business segment are focused on the implementation of the Money Services Businesses Act, which received Royal Assent in 2023.