FSRA Rules

FSRA Fee Rule

Rule 2019 – 001 FSRA Fee Rule
(Ensures that FSRA can carry out its legislated mandate as a self-funded agency that operates on a cost-recovery basis.)

Deposit Insurance Advertising

Rule 2019 – 002 Credit Union Deposit Insurance Advertising Rule
(Prescribes what credit unions can and cannot say when advertising deposit insurance.)

Standards of Sound Business and Financial Practices

By-law No. 5: Standards of Sound Business and Financial Practices
(Provides best practices for Ontario credit unions, including required policies and procedures for risk management and a definition of the roles of the board of directors, the audit committee and management personnel.)

Reserves and Monthly Provision for Doubtful Loans

By-law No. 6: Reserves and Monthly Provision for Doubtful Loans
(Sets guidelines for the reporting and accounting of impaired loans, in accordance with International Financial Reporting Standards (IFRS) 9.)

Proposed Rules Under the Credit Union and Caisses Populaires Act, 2020 (CUCPA 2020)

Sound Business and Financial Practices - Proposed Rule 2021- 001
(The Sound Business and Financial Practices Rule replaces DICO By-law No. 5. It provides best practices for Ontario credit unions, including required policies and procedures for risk management and the roles of the board of directors, audit committee and management personnel.)

Capital Adequacy Requirements for Credit Unions and Caisses Populaires - Proposed Rule 2021 – 002
(Copy of the Capital Adequacy Requirements Rule submitted to the Minister of Finance for approval. To be updated by FSRA if approved.)

Liquidity Adequacy Requirements for Credit Unions and Caisses Populaires - Proposed Rule 2021 - 003
(Copy of the Liquidity Adequacy Requirements Rule submitted to the Minister of Finance for approval. To be updated by FSRA if approved.)

Read more: FSRA submits its proposed credit union rules designed to strengthen the credit union sector to the Minister for approval

Final Rules Under the Credit Union and Caisses Populaires Act, 2020 (CUCPA 2020)

2021- 001 Sound Business and Financial Practices Rule

2021 – 002 Capital Adequacy Requirements for Credit Unions and Caisses Populaires Rule

2021 – 003 Liquidity Adequacy Requirements for Credit Unions and Caisses Populaires Rule

Read more: New credit union rules strengthen the sector and further protect depositors