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Accordion items

Pursuant to the Financial Institutions Act (“FIA”), Section 20 of the Capital Requirements Regulation (“CRR”), and Section 6 of the Liquidity Requirement Regulation (“LRR”), a credit union is required to file electronically the following items with BC Financial Services Authority (“BCFSA”) by the specified deadline.

Filing Requirements for Credit Unions

Every credit union that held a business authorization for this Province at the end of its latest fiscal year is required to submit regulatory filings to this office and pay an annual fee. The filings must be submitted through BCFSA’s Integrated Regulatory Information System (“IRIS”) by the specified due dates.

View instructions for managing submissions with IRIS

For reporting purposes, the credit union will identify itself as a Large, Medium-sized I, Medium-sized II or Small credit union based on the total assets reported in the annual Financial and Statistical Return (“FSR”).

Monthly

Filing RequirementsDue DateLarge (Assets > $1B)Medium-sized I (Assets > $500M and ≤ $1B)Medium-sized II (Assets > $300M and ≤ $500M)Small (Assets $300M)Preferred Format
Financial and Statistical Return (MFSR) FIA s127(3)Within 20 days of month endXXXXExcel
Capital Adequacy Return (CAR) FIA s127(3)Within 20 days of month endXX__Excel
Liquidity Adequacy Return (LAR) FIA s127(3)Within 20 days of month endXXXXExcel
Liquidity Coverage Ratio (LCR) FIA s127(3)Within 30 days of month endXX__Excel
Regulations Reporting — Justice for Victims of Corrupt Foreign Officials Act Criminal Code s83.11(2) & Justice for Victims of Corrupt Foreign Officials Act s7By the 15th of each monthXXXXFillable PDF

Quarterly

Filing RequirementsDue DateLarge (Assets > $1B)Medium-sized I (Assets > $500M and ≤ $1B)Medium-sized II (Assets > $300M and ≤ $500M)Small (Assets $300M)Preferred Format
Financial and Statistical Return (QFSR) FIA s127(3)Within 20 days of quarter endXXXXExcel
Capital Adequacy Return (CAR) FIA s127(3)Within 20 days of quarter end__XXExcel
Liquidity Coverage Ratio (LCR) FIA s127(3)Within 30 days of quarter end__XXExcel
Net Cumulative Cash Flow (NCCF) FIA s127(3)Within 30 days of quarter endX___Excel
Residential Mortgage Loans Report (RMLR) FIA s127(3)Within 30 days of quarter endXXXXExcel

Annually

Filing RequirementsDue DateLarge (Assets > $1B)Medium-sized I (Assets > $500M and ≤ $1B)Medium-sized II (Assets ≥ $300M and ≤ $500M)Small (Assets ≤ $300M)Preferred Format
ICAAP Report
- ICAAP Report
- ICAAP Key Metrics Report
- Directors’ Resolution Approving the ICAAP Report
FIA s127(3)(a)
Within 120 days of fiscal year endX X X - PDF

Excel




PDF
Financial and Statistical Return (AFSR)
FIA s127(1)
Within 90 days of fiscal year end X X X X Excel
Annual Supplemental Information Form
FIA s127(1)
Within 90 days of fiscal year end X X X X Webform
Capital Adequacy Return (CAR)
FIA s127(1) and CRR s20
Within 90 days of fiscal year end X X X X Excel
Liquidity Adequacy Return (LAR)
FIA s127(3)(a)
Within 90 days of fiscal year end X X X X Excel
Auditor’s Report on the Capital Adequacy Return (CAR)
FIA s127(1) and CRR s20
Within 90 days of fiscal year end X X X X PDF
Audited Financial Statements for the Credit Union (incl. Auditor’s Report)
FIA s127(1)(b) and (c)
Within 90 days of fiscal year end X X X X PDF
Non-consolidated Financial Statements for the Credit Union and its each Subsidiary (incl. any Auditor’s Report)
FIA s127(1)(b)
Within 90 days of fiscal year end X X X X PDF
Directors’ Resolution Approving the Year-End Filings
FIA s127(1)(d)
Within 90 days of fiscal year end X X X X PDF
Condensed (or Summarized) Financial Statements (if any)
FIA s128(3)(4) & CUIA s39.48(1)
Within 125 days of fiscal year end X X X X PDF
Annual Report (if published) FIA s127(3)(c)Within 150 days of fiscal year end X X X X PDF
Notice of Annual General Meeting CUIA s74 and 78Within 120 days of fiscal year end X X X X PDF
Corporate Information Form FIA s127(3)(c)Within 90 days of fiscal year end X X X X Fillable PDF
List of Directors and Senior Officers FIA s127(3)(d)Within 90 days of fiscal year end X X X X PDF
Credit Unions Market Conduct Annual Report FIA s127(3)(b)Within 31 days of calendar year end X X X X PDF
Central Credit Unions Market Conduct Annual Report FIA s127(3)(b)Within 31 days of calendar year endPDF

Other Statutory

The following filings are required to be filed by credit unions as needed.

Filing RequirementsFIA / CUIA SectionDue DateAll Credit UnionsPreferred Format
Notice of Special General Meeting and Special ResolutionCUIA s78Minimum 18 days prior to the meeting X PDF
Investment and Lending Policy Amendment
-Amended Investment and Lending Policy
-Directors’ Resolution Approving the Amended Investment and Lending Policy
FIA s127(2)(c)Within 5 days from approval of amendment X PDF
Personal Information Return (PIR) for Directors, Senior Officers, Subscribers, and Shareholders1FIA s13(2)(e) s22(2)(c) and s105Before commencing duties X Fillable PDF
-Most recent resume for PIRN/ABefore commencing duties X PDF
-Criminal Record Check for PIRN/AWhen it becomes available X PDF
-Bankruptcy and Insolvency Check for PIRN/AWhen it becomes available X PDF
Statement of Financial ConditionsFIA s127(2)(a)Within 5 days of filing a statement X PDF
Written Notice of the Resignation, Removal, Election or Appointment of a Director or Senior OfficerFIA s99(4)Immediately after the effective date X PDF
Written Statement from Director Outlining the Reasons for ResignationFIA s109(1)Immediately after receiving the statement X PDF
Written Notice of the Appointment, Removal or Resignation of an AuditorFIA s117(1)Promptly after X PDF
Written Statement Outlining the Reasons for the Auditor’s ResignationFIA s119(2)Promptly after X PDF
Amended Financial StatementsFIA s121(a)Promptly after X PDF
Form 19: Special ResolutionCUIA s80(1)As needed X PDF
Certificate on Subordinated NoteFIA s87(1)Immediately prior to issuing the subordinated note X PDF
Code of Market ConductFIA s94.2June 30, 2022 X PDF
Amended Code of Market ConductFIA s94.2Promptly after X PDF
1 For filing, please follow instructions on the PIR form.
CRR Capital Requirements Regulation
CUIA Credit Union Incorporation Act
FIA Financial Institutions Act

Penalties for Non-Compliant Filing

Please note that some of the above filing submissions are subject to Non-Compliant Filings Administrative Penalty Guideline under the Financial Institutions Act.

Questions

If you have questions, please contact BCFSA at [email protected].

Reporting Templates and Instructions

Liquidity Adequacy Return (“LAR”)
LAR Regulatory StatementLAR Summary of Changes
LAR Reporting InstructionsLAR Validation Rules
LAR TemplateLAR Mapping between Current and Revised Templates
Liquidity Coverage Ratio (“LCR”)
LCR Regulatory StatementLCR Summary of Changes
LCR Reporting InstructionsLCR Validation Rules
LCR TemplateLCR Mapping between Current and Revised Templates
Net Cumulative Cash Flow (“NCCF”)
NCCF Regulatory StatementNCCF Summary of Changes
NCCF Reporting InstructionsNCCF Validation Rules
NCCF TemplateNCCF Mapping between Current and Revised Templates
Financial and Statistical Return (“FSR”)
FSR Regulatory StatementFSR Summary of Changes
FSR Reporting InstructionsFSR Validation Rules
FSR TemplateFSR Mapping between Current and Revised Templates
Capital Adequacy Return (“CAR”)
CAR Regulatory StatementCAR Summary of Changes
CAR Reporting InstructionsCAR Validation Rules
CAR TemplateCAR Mapping between Current and Revised Templates
Residential Mortgage Loans Report (“RMLR”)
RMLR Regulatory StatementRMLR Summary of Changes
RMLR Reporting InstructionsRMLR Validation Rules
RMLR TemplateRMLR Mapping between Current and Revised Templates
Annual Supplemental Information Form
Annual Supplemental Information Form Regulatory Statement
BCFSA Internal Capital Adequacy Assessment Process (“ICAAP”)
BCFSA ICAAP GuideBCFSA ICAAP Submission Instructions
BCFSA ICAAP Key Metrics Report


Credit Union Performance (“CUP”) Report: Calculation Reference

This document provides the calculations for each CUP Report line with reference to the underlying reporting template lines.

CUP Report Calculation Reference (will open in a new tab)