The Canadian FinTech Regulators You Need To Know: Powered by Ferst Digital (www.ferstdigital.com)
Comments
 Share
The version of the browser you are using is no longer supported. Please upgrade to a supported browser.Dismiss

 
Comment only
 
 
ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
Learn more at:www.ferstdigital.com
2
PurposeType of RegulationPurposeRegulatorsFinTech Verticals
3
BankingLendingInsurance (carrier)Insurance (distribution)Investing & CrowdfundingMoney Service BusinessData Science
4
ProtectionSystematic Protection (i.e Macro Prudential)Minimize the risk to the health of the financial system created by potential financial service provider failuresThe Office of the Superintendent of Financial Institutions (OSFI)OSFIOSFI
5
6
Depositor/ Investor Protection (i.e. Micro-prudential regulation)Protect customers from the potential failure of the financial service providers holding their assetsCanada Deposit Insurance Corporation (CDIC)CDICProv. Regulators (HNW Only)Assuris (life) PCICC (P&C)CIPF
7
Assuris (life insurance)
8
Property and Casualty Insurance Compensation Corporation (P&C insurance)
9
Canadian Investor Protection Fund (CIPF)
10
Consumer ProtectionProtect and inform consumers of financial products and servicesFinancial Consumer Agency of Canada (FCAC)FCACFCAC, Prov. regsFCACFCACFCACFCAC
11
12
BehaviorInternational Crime and TerrorismDetect, prevent, and deter money-laundering and terrorist financingFinancial Transactions and Reports Analysis Centre of Canada (FINTRAC)FINTRACFINTRACFINTRAC
13
14
PrivacyGovern how private sector organizations collect, use and disclose personal information in the course of commercial businessOffice of the Privacy Commissioner of Canada (OPC)OPCOPCOPCOPCOPCOPCOPC
15
16
Sector Business ConductEnsure proper conduct of business according to standards appropriate for an industryProvincial regulatorsProv. RegsProv. Regs Criminal CodeProv. RegsProv, Regs IBACProv. Regs IIROCProv. RegsProv. Regs
17
Investment Industry Regulatory Organization of Canada (IIROC)
18
Insurance Brokers Association of Canada (IBAC)
19
PermissionLicensingGrant permission to conduct business in a jurisdictionThe Office of the Superintendent of Financial Institutions (OSFI)OSFIOSFIProv. RegsFINTRAC
AMF (Qc only)
20
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
21
Provincial regulators
22
23
User guide:
24
- Every Veritcal has its own constellation of regulators
25
- Notice that even the most lightly regulated FinTech businesses need to be aware of the rules of the province in which they operate
26
- Help us improve this map by adding comments or contact us at social@ferstdigital.com
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
Loading...
 
 
 
Regulation Types & Bodies