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ARTICLE · 21 JULY 2022

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Financial Institutions Legislative And Regulatory Reporter - British Columbia

Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
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Borden Ladner Gervais LLP

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The British Columbia (BC) Reporter provides a monthly summary of BC's legislative and regulatory developments of relevance to provincially regulated financial institutions.

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The British Columbia (BC) Reporter provides a monthly summary of BC's legislative and regulatory developments of relevance to provincially regulated financial institutions. It does not address Canadian federal financial services legislative and regulatory developments, although this information is provided by BLG separately. In addition, purely technical and administrative changes (such as changes to reporting forms) are not covered.

May and June 2022

Published

Title and Brief Summary

Status

BC Financial Services Authority (BCFSA)

June 29, 2022

Consultation on the Code of Market Conduct for Insurance Companies

Legislative amendments passed in fall 2019 to modernize the Financial Institutions Act (FIA) established the requirement for insurers to adopt and comply with a code of market conduct (the Code). BCFSA has released a draft Insurer Code of Market Conduct and Supplemental Guideline and accompanying Discussion Paper fo

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