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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