Financial and Consumer Affairs Authority of Saskatchewan

FCAA is Saskatchewan’s financial and consumer marketplace regulator.

Compliance with legislation

  • Compliance with legislation

    Once licensed, trust, loan and financing corporations must comply with applicable legislation, including the reporting requirements of The Trust and Loan Corporations Act, 1997.

    All licensees must remit the annual fee by December 31 of every year.

    Annual fees for the 2015 licence year and subsequent years are increased for larger corporations, and the amount payable is also determined based on licensing category:

    • total assets less than $10 million: $166.67 per month ($2,000 for the year); or
    • total assets greater than $10 million and applicant to be licensed as a:
      • financing corporation: $708.33 per month ($8,500 for the year); or
      • trust or loan corporation: $833.33 per month ($10,000 for the year)

    All licensees must immediately inform the Saskatchewan Superintendent of Financial Institutions of any changes to their contact information, including:

    • mailing address;
    • phone or fax number;
    • address for Service; or
    • email address.

    Saskatchewan trust corporations and Saskatchewan loan corporations (i.e. corporations that are incorporated in Saskatchewan and are not authorized by the Office of the Superintendent of Financial Institutions (Canada) (“OSFI”)) have additional reporting and compliance requirements. These licensees should contact the Saskatchewan Superintendent of Financial Institutions to discuss these requirements.

    Superintendent of Financial Institutions
    Consumer Credit Division
    Financial and Consumer Affairs Authority
    Suite 601, 1919 Saskatchewan Drive
    Regina, Saskatchewan S4P 4H2
    Phone: (306) 787-6700
    Fax: (306) 787-9006
    Email: fid@gov.sk.ca

     

    Consumer Credit Division

    Suite 601, 1919 Saskatchewan Drive

    Regina, Saskatchewan S4P 4H2

    Tel: (306)787-6700

    Fax: (306)787-9006

    Email: fid@gov.sk.ca

    Documents & Links

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