Stakeholders & Partners


As a regulator we work with and are accountable to a diverse group of stakeholders and partners including:

  • The public: Which relies on us to foster capital markets that contribute to the well-being of B.C.

  • Investors: Who seek to invest in fair and efficient securities markets

  • Issuers: Companies that rely on the capital markets to fund growth

  • Securities firms: Which advise investors and companies, and facilitate trades

  • Market places: Which facilitate trades

  • Other regulators: With which we enforce compliance and develop and implement policy initiatives through the Canadian Securities Administrators (CSA)

  • The provincial government: To which we are accountable

The Canadian Securities Regulation Landscape

We fulfill our mandate to regulate BC capital markets in cooperation with other Canadian Securities Administrators (CSA) jurisdictions. The CSA is an umbrella organization of Canada’s provincial and territorial securities regulators whose objective is to improve, coordinate and harmonize regulation of the Canadian capital markets.

Regulating BC’s capital markets in the context of a national system significantly affects how we conduct our work. It also influences how we consider and implement securities policy in BC.

We work within a “passport” system. Passport gives a market participant automatic access to the capital markets in other jurisdictions by obtaining a decision only from its principal regulator and meeting the requirements of one set of harmonized laws. All Canadian jurisdictions, except Ontario, participate in the passport system.

The BCSC cooperates and coordinates with the Joint Forum of Financial Market Regulators (Joint Forum) whose mandate is to coordinate and streamline the regulation of products and services in the Canadian financial markets.

We rely on Self-Regulatory Organizations (SROs) to regulate dealers and trading activity in Canadian securities and exchange contract markets:

Recognized Entities

In addition to recognizing IIROC and the MFDA, the BCSC has recognized the TSX-V under the Securities Act and shares responsibility with the Alberta Securities Commission for its oversight. The BCSC has exempted the TSX, Alpha Exchange, and the CNSX from recognition, and we rely on oversight of these exchanges by the OSC.

We have recognized CDS Clearing and Depository Services Inc. and Canadian Derivatives Clearing Corporation. These agencies clear exchange-listed securities and derivatives.

The BCSC has also recognized the Canadian Public Accountability Board, which oversees auditors who audit public issuers in Canada.

Other Jurisdictions and Regulatory Bodies

The BCSC regularly cooperates with U.S. and other foreign regulators in enforcement matters. We are also active in organizations that represent North American, pan-American, and international securities regulators respectively:

The BCSC is a signatory to the IOSCO MMOU and several other information sharing and supervision memoranda of understanding.