Ontario credit unions must file their amended by-laws with the Financial Services Regulatory Authority of Ontario (FSRA) by doing one of the following:
- Uploading the amended, signed and dated by-laws via the secure portal.
- Emailing the amended, signed and dated by-laws to: CreditUnionTransactions@fsrao.ca.
The credit union's contact information must be included with the submission.
Amended, signed and dated by-laws must be sent to FSRA within 30 days of receiving confirmation of a by-law amendment by special resolution of a credit union's members and/or delegates (as appropriate). Failure to do so may result in a monetary penalty.
The by-law amendment must be signed by two authorized officers/directors of the credit union. A scanned copy of the signed and dated by-law amendment will be accepted by FSRA. There is no fee to file a by-law amendment.
If the by-law amendment is appropriately signed and dated, FSRA's Credit Union Transactions Department will acknowledge that it has been received within five business days. FSRA will send the confirmation by email to the contact person who is listed in the submission.