The British Columbia Securities Commission (BCSC) is the independent provincial government agency responsible for regulating securities trading in British Columbia through the administration of the Securities Act.
Our mission is to protect and promote the public interest by fostering:
To play a leading role in securities regulation that inspires investor confidence and supports fair, efficient, and innovative Canadian capital markets
We are committed to smarter regulation and keeping pace with fast-evolving capital markets. We expect our people to exemplify the following values in their work:
We use a performance management system to measure and reward the application of these values in four core attributes or behaviours:
We regulate to protect our investors and market integrity. Our legal authority and resources equip us with some powerful regulatory tools. We can:
The BCSC's enabling legislation is the Securities Act, RSBC 1996, c.418.
Learn more about Securities Regulation in British Columbia.
At the beginning of each year, we prepare and submit a 2014-2017 BCSC Service Plan to the Treasury Board, a committee of Cabinet. Our service plan commits us to performance targets for each year. At the end of each year, we prepare and submit to the minister responsible for the Act an annual report on our performance against the service plan. Our annual report includes our annual audited financial statements and is tabled in the British Columbia Legislature. We also prepare quarterly financial statements, an annual Financial Information Act report, and an annual Executive Compensation Disclosure .
In January 2014, the BCSC chair and the Minister of Finance signed a Government's Letter of Expectations . This letter sets out the respective roles and responsibilities of the BCSC and the province of British Columbia and, at a high level, the government’s expectations of the BCSC.
Securities market participants fund our operations through fees they pay under the Securities Act.
The BCSC regularly cooperates and coordinates with American federal and state regulators in enforcement matters. We are also active in organizations that represent Canadian, North American, pan-American, and international securities regulators respectively:
The BCSC is a signatory to several memoranda of understanding for cooperation, consultation and the exchange of information with foreign securities regulators.