BCFSA regulates credit unions, trust companies, insurance companies, pension plans, mortgage brokers and real estate professionals, ensuring financial services transactions are protected, for the prosperity of consumers and the province of B.C. Through modern, effective, efficient oversight, enforcement and guidance, we are working to make B.C. a place where people can have confidence in the financial services they receive. We protect British Columbians during the most important financial transactions in their lives.
External link for BC Financial Services Authority
600 - 750 West Pender Street
Vancouver , British Columbia V6C2T8, CA
BCFSA CEO Blair Morrison joined a panel discussion today at #GRISummit2024 to discuss the importance of regulatory collaboration.
At #GRISummit2024, Nez Aquino sat down with Jacqueline Friedland from Office of the Superintendent of Financial Institutions Canada, Blair Morrison from BCFSA and Jordan Solway from Financial Services Regulatory Authority of Ontario (FSRA) to talk about the importance of regulatory collaboration. #RiskManagement
BCFSA has issued a joint administrative penalty of $30,000 and $3,500 in investigation costs, to Charles Funaro, 06430325 B.C. Ltd., and CAD Investment Ltd. for unregistered mortgage broker activity. Read more: https://ow.ly/hSsj50TljLr
We’re excited to spotlight the achievements of Ladan Tavakoli, our recent legal co-op student from the University of Victoria, who joined our BCFSA team this year. Ladan, a first-year law student, infused our workplace with her enthusiasm for law and dynamic presence. Throughout her co-op term, Ladan engaged with a variety of learning opportunities. She adeptly handled complex legal research, prepared comprehensive memos, and played a key role in policy review processes. Ladan’s involvement helped her connect theoretical knowledge from her academic studies with practical application in a professional setting. Reflecting on her experience, Ladan said, “At BCFSA, the supportive and inclusive culture empowered me to ask questions freely and collaborate with my team. Working alongside experienced professionals who were eager to share their knowledge was exceptionally rewarding. For anyone thinking of a co-op placement at BCFSA, in my own experience, it helped both my professional and personal growth.” For law students eager to find a co-op that offers a blend of real-world application, mentorship, and meaningful work, consider opportunities with BCFSA. For more information on the Legal Co-op Program at the University of Victoria please visit https://ow.ly/7ffE50Tjnza #BCFSA #LegalCoOpStudent #WorkExperience
BCFSA has ordered a real estate licensee to pay a $15K discipline penalty and $1,800 in enforcement expenses for failing to use reasonable efforts to determine whether GST was applicable on a real estate purchase, which led to significant unexpected costs to her buyer clients. She also failed to ensure the contract of purchase and sale for the property clearly stated that the purchase price included GST. Read more: https://ow.ly/k49950TfWu2
BCFSA has found a real estate licensee liable for misconduct after he exploited a personal relationship with a client and pressured her into selling her home. Read more: https://ow.ly/rnqh50TfM7Z
BCFSA has suspended a real estate licensee for six months after he admitted forging the signatures of two homeowners as part of a land assembly deal. Read more: https://ow.ly/GN2n50Tb2AK
BCFSA’s Ethics course now has two new versions designed for rental property and strata management licensees. Learn about the changes and how to register: https://ow.ly/NTzo50SZxgq