- Mortgage Brokers
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- Financial Institutions
- C.U. Deposit Insurance
Pursuant to Section 127 of the Financial Institutions Act (FIA) and Section 20 of the Capital Requirements Regulations, a credit union is required to file electronically the following items with FICOM by the specified deadline.
The filings and returns listed below are subject to Non-Compliant Filings Administrative Penalty.
|Name of Filing or Return||FIA Section||Number of Days to
|Monthly Financial and Statistical Return(MFSR)||FIA s.127(3)||Within 20 days of month end|
|Quarterly Financial and Statistical Return (QFSR)||FIA s.127(3)||Within 20 days of quarter end|
|Residential Mortgage Loans Report (RMLR)
Change Control Log
Template (macro enabled Excel)
|FIA s.127(3)||Within 30 days of quarter end|
|Annual Financial and Statistical Return (AFSR)||FIA s.127(1)||Within 90 days of Credit Union's financial year end|
|Consolidated and Comparative Audited Financial Statements||FIA s.127(1)||
|Unconsolidated and Comparative Audited Financial Statements for the Credit Union and each Subsidiary||FIA s.127(1)||Within 90 days of Credit Union's financial year end|
|Copy of Resolution of Directors Approving the Year-End Filings||FIA s.127(1)||Within 90 days of Credit Union's financial year end|
|Capital Adequacy Return
Completion Guide 2017
Change Control Log 2017
Capital Adequacy Return 2017 - Revised Nov 2017(macro enabled Excel)
|FIA s.127(1)||Within 90 days of Credit Union's financial year end|
|Investment Lending Policy (ILP) Amendment||FIA s.127(2)||Within 5 days from BOD approval|
|Personal Information Return (PIR) for Senior Officers and Directors||FIA s.105||Prior to senior officer or director commencing duties|
There are other filings and returns that are subject to penalties in the Administrative Penalties Regulation (APR).
The APR sets out which provisions of the FIA are subjects to penalty, who can be liable for a penalty, and the maximum amount that can be ordered. Please refer to Administrative Penalties Regulation for more information.
|Issued for Consultation|
|Draft Credit Union Financial and Statistical Return FSR (revised May 2017)|
|Letter sent May 17, 2017 to All CFO's and Finance Managers in B.C.|
|Change Control Log|
|Draft Completion Guide|