BCFSA

Crown Establishment Updates

BCFSA Transition Update

The BC Government has formally determined that November 1, 2019 will be the day that the BC Financial Services Authority (BCFSA) replaces the Financial Institutions Commission (FICOM) as BC's financial sector regulator.

While November 1, 2019 has been the BCFSA's operational target for some time, the September 13, 2019 Order in Council gave that date the full force of law. The transition of operations from FICOM to BCFSA on November 1, 2019 is an important milestone in BCFSA's journey to become a modern, efficient and effective regulator.

Blair Morrison
CEO, FICOM/BCFSA