Financial and Consumer Affairs Authority of Saskatchewan

FCAA is Saskatchewan’s financial and consumer marketplace regulator.

Regulatory Principles

  • Regulatory Principles

     

    FCAA strives to adhere to the following regulatory principles when administering the rules, providing advice or pursuing solutions.

     

    • Accessibility

    FCAA is open, available, and approachable by consumers and those it regulates.

     

    • Accountability

    All who are regulated are held to account by FCAA if they do not comply with the rules.

     

    • Consultation

    FCAA consults those who may be affected by a proposed regulatory change.

     

    • Cooperation

    FCAA works with regulators in other jurisdictions, self-regulatory organizations, and other entities which share responsibility for market confidence to achieve regulatory efficiency and effectiveness.

     

    • Equipping Suppliers and Consumers

    FCAA provides tools and information that help suppliers and consumers understand their responsibilities, rights and remedies.

     

    • Flexibility and Discretion

    Recognizing there are many possible solutions, FCAA exercises its discretion to achieve the most practical and affordable solutions that achieve the intended objective without compromising consumer protection.

     

    • Harmonization

    FCAA seeks to harmonize rules and systems across sectors and jurisdictions to the greatest extent possible.

     

    • Proportionate Regulation

    ​​​​​​​When developing and applying rules, FCAA considers the cost of compliance and the intended results.  FCAA’s actions are proportionate to the risk posed and focus on addressing risks the marketplace is unable to adequately address on its own. 

     

    • Transparency

    FCAA develops understandable rules that are easy to access. When appropriate, it provides explanations and communicates its decisions.
     

     

    Financial and Consumer Affairs Authority

    Suite 601, 1919 Saskatchewan Drive

    Regina, Saskatchewan S4P 4H2

    Tel: (306)787-5645

    Fax: (306)787-5899

    Email:fcaa@gov.sk.ca

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