BCFSA's New Regulatory Guidance Terminology

As part of its commitment to clear and consistent communications, BCFSA is standardizing regulatory guidance terminology across all of the entities and individuals it regulates. Effective July 16, 2020, the BCFSA will now issue:

  • Guidelines to establish principles that regulated entities and individuals are expected to implement or follow;
  • Rules to create legal requirements with which regulated entities and individuals must comply;
  • Regulatory statements to provide details on how regulated entities and individuals must comply with legislation; and
  • Advisories to communicate BCFSA news, updates and matters of information to sector participants.

If you have questions regarding BCFSA's new regulatory guidance terminology, please contact Rob O'Brien Manager, Policy at (604) 505-5896 or by email at Rob.O'Brien@bcfsa.ca.