CANADA: Department of Finance Consultations to Review the Federal Financial Sector Framework

Tuesday August 30 2016

The Department of Finance Canada has announced the launch of the first of a two-stage consultation process on the federal financial sector legislative and regulatory framework.

The consultations will help maintain and advance a financial sector legislative and regulatory framework that supports:

• Stability—the financial sector is safe and sound, and resilient in the face of stress.
• Efficiency—the financial sector provides competitively priced products and services and passes efficiency gains to customers, accommodates innovation, and effectively contributes to economic growth.
• Utility—the financial sector meets the needs of an array of consumers, including businesses, individuals and families, and is committed to protecting the interests of consumers.

Individuals or organisations interested in submitting their views are invited to review the consultation document here.

Submissions will inform the development of a policy paper for the second stage of the consultation process in 2017.

Written comments should be forwarded by November 15, 2016 to LegislativeReview-ExamenLegislatif@canada.ca or to:

Financial Institutions Division (Financial Sector Policy Branch) Department of Finance Canada

Click on the link above for further details.