Memoranda of Understanding

The BCSC has signed memoranda of understanding with a number of securities regulators:

Heads of Agencies

Memorandum of Understanding for the Confidentiality of Information with Bank of Canada, Office of the Superintendent of Financial Institutions, Department of Finance Canada, Alberta Securities Commission, Autorité des marchés financiers, BC Securities Commission, Ontario Securities Commission, April 29, 2022.

Croatian Financial Services Supervisory Agency

Memorandum of Understanding  concerning consultation, cooperation and the exchange of information related to the supervision of Managers of alternative investment funds between the Ontario Securities Commission, the Autorité des marchés financiers (Québec), the Alberta Securities Commission, and the BC Securities Commission, November 17, 2021

Bank of Canada

Memorandum of Understanding with Ontario Securities Commission, Authorie des marches financiers (Quebec), BC Securities Commission, October 20, 2021.

Securities and Futures Commission, Hong Kong (SFC)

Innovation Functions Co-operation Agreement  with Ontario Securities Commission, Authorie des marches financiers (Quebec), BC Securities Commission, Alberta Securities Commission, Financial and Consumer Affairs Authority of Saskatchewan, Manitoba Securities Commission, Nova Scotia Securities Commission and Financial and Consumer Services Commission (New Brunswick), June 30, 2021.

The Financial Services Commission, Mauritius

Innovation Functions Co-operation Agreement  with Ontario Securities Commission, Authorie des marches financiers (Quebec), BC Securities Commission, Manitoba Securities Commission, Financial and Consumer Affairs Authority of Saskatchewan, Nova Scotia Securities Commission and Financial and Consumer Services Commission (New Brunswick), June 18, 2021.

Oversight of Exchanges and Quotation and Trade Reporting Systems

Memorandum of Understanding respecting Oversight of Exchanges and Quotation and Trade Reporting Systems among: Alberta Securities Commission; Autorité des marchés financiers; BC Securities Commission; Financial and Consumer Affairs Authority of Saskatchewan; Financial and Consumer Services Commission of New Brunswick; Manitoba Securities Commission; and Ontario Securities Commission, September 1, 2020.

The Financial Supervisory Commission, Taiwan

Innovation Functions Co-operation Agreement with Ontario Securities Commission, Autorite des marches financiers (Quebec), BC Securities Commission, Alberta Securities Commission, Financial and Consumer Affairs Authority of Saskatchewan, Manitoba Securities Commission, Financial and Consumer Services Commission (New Brunswick), and Nova Scotia Securities Commission, June 8, 2020

Monetary Authority of Singapore

Innovation Functions Co-operation Agreement with Ontario Securities Commission, Autorité des marchés financiers (Québec), BC Securities Commission, Alberta Securities Commission, Financial and Consumer Affairs Authority of Saskatchewan, Manitoba Securities Commission, Financial and Consumer Services Commission (New Brunswick) and Nova Scotia Securities Commission, October 31, 2019.

Financial Conduct Authority

Innovation Functions Co-operation Agreement with Autorité des marchés financiers (Québec), BC Securities Commission, Alberta Securities Commission, Financial and Consumer Affairs Authority of Saskatchewan, Manitoba Securities Commission, Financial and Consumer Services Commission (New Brunswick) and Nova Scotia Securities Commission, April 2019.

BaFin and Deutsche Bundesbank

Memorandum of Understanding concerning cooperation and the exchange of information related to the supervision of cross-border clearing agencies operating as central counterparties, March 5, 2018

Australian Securities and Investments Commission (ASIC)

Autorité des marchés financiers du Québec, Alberta Securities Commission, BC Securities Commission, Financial and Consumer Affairs Authority of Saskatchewan, Manitoba Securities Commission, Financial and Consumer Services Commission (New Brunswick) and Nova Scotia Securities Commission Innovation Functions Co-operation Agreement, December 11, 2017

France Autorité des marchés financiers

Autorité des marchés financiers du Québec, Ontario Securities Commission, Alberta Securities Commission, BC Securities Commission, Financial and Consumer Affairs Authority of Saskatchewan, Manitoba Securities Commission, Financial and Consumer Services Commission (New Brunswick) and Nova Scotia Securities Commission
Co-operation Agreement regarding co-operation for innovation in the financial sector, December 6, 2017

Gibraltar Financial Services Commission

Alberta Securities Commission, the Autorité des marchés financiers (Québec), the BC Securities Commission, and the Ontario Securities Commission Memorandum of Understanding concerning consultation, cooperation and the exchange of information related to the supervision of Managers of alternative investment funds, December 1, 2017

Abu Dhabi Global Market Financial Services

Autorité des marchés financiers du Québec, Ontario Securities Commission, Alberta Securities Commission, BC Securities Commission, Financial and Consumer Affairs Authority of Saskatchewan, Manitoba Securities Commission, Financial and Consumer Services Commission (New Brunswick) and Nova Scotia Securities Commission
Innovation Functions Co-operation Agreement, October 17, 2017

Financial Industry Regulatory Authority (FINRA)

Memorandum of Understanding respecting international information sharing, July 1, 2016

Canadian Securities Administrators

Memorandum of Understanding Respecting the Oversight of Clearing Agencies, Trade Repositories and Matching Service Utilities, among: Alberta Securities Commission (ASC); Autorité des marchés financiers (AMF); BC Securities Commission (BCSC); Financial and Consumer Affairs Authority of Saskatchewan (FCAA); Financial and Consumer Services Commission (New Brunswick) (FCNB); The Manitoba Securities Commission (MSC); Nova Scotia Securities Commission (NSSC); and Ontario Securities Commission (OSC), November 30, 2015

Superintendencia de Valores y Seguros (SVS)

Alberta Securities Commission (ASC) and the BC Securities Commission (BCSC) Memorandum of Understanding concerning consultation and cooperation and the exchange of information, February 23, 2015

United States Commodity Futures Trading Commission (CFTC)

Memorandum of Understanding concerning cooperation and the exchange of information related to the supervision of cross-border covered entities, March 24, 2014

Superintendencia de Valores y Seguros de Chile

Alberta Securities Commission, Autorité des marchés financiers du Québec, BC Securities Commission and the Ontario Securities Commission Exchange of letters concerning cooperation between members of the Canadian Securities Administrators and the Superintendencia de Valores y Seguros de Chile, March 6, 2014

Bank of Canada (BOC)

Memorandum of Understanding respecting the oversight of certain clearing and settlement systems, January 30, 2014

European Union and European Economic Area Member Financial Regulators (EU Authorities)

Alberta Securities Commission, Autorité des marchés financiers du Québec, BC Securities Commission and the Ontario Securities Commission Memorandum of Understanding Concerning Consultation, Cooperation and the Exchange of Information Related to the Supervision of Managers of Alternative Investment Funds, July 22, 2013

Financial Conduct Authority

Alberta Securities Commission, BC Securities Commission and the Ontario Securities Commission Memorandum of Understanding Concerning Consultation, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Regulated Entities, June 1, 2013

Bank of England

Alberta Securities Commission, BC Securities Commission and the Ontario Securities Commission Memorandum of Understanding Concerning Consultation, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Regulated Entities, June 1, 2013

International Organization of Securities Commissions (IOSCO)

Participation Arrangement on the Regulatory Interpretation and Enforcement of Financial Reporting Standards, May 23, 2012

European Securities and Markets Authority (ESMA)

Autorite des marches financiers (AMF), Ontario Securities Commission (OSC), BC Securities Commission (BCSC) Memorandum of Understanding concerning cooperation of competent authorities for the supervision of the credit rating agencies, March 7, 2012

Australian Securities and Investment Commission (ASIC)

Alberta Securities Commission (ASC), Autorité des marchés financiers du Québec (AMF) and the Ontario Securities Commission (OSC) Memorandum of Understanding concerning consultation, cooperation and the exchange of information related to the supervision of cross-border regulated entities, February 10, 2012

United States Securities and Exchange Commission (SEC)

Alberta Securities Commission (ASC), Ontario Securities Commission (OSC) and the Autorité des marchés financiers du Québec (AMF) Memorandum of Understanding Concerning Consultation, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Regulated Entities, September 14, 2011

China Banking Regulatory Commission

Exchange of Letters Concerning Regulatory Cooperation Related to the Overseas Wealth Management Business of Chinese Commercial Banks on Behalf of their Clients, December 23, 2009

International Organization of Securities Commissions (IOSCO)

Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information, November 10, 2003

China Securities Regulatory Commission (CSRC)

Memorandum of Understanding regarding securities and futures regulatory cooperation, March 21, 2003

Australian Securities and Investment Commission (ASIC)

Formerly Australian Securities Commission
Memorandum of Understanding, April 11, 1996

Securities and Futures Commission, Hong Kong (SFC)

Memorandum of Understanding, February 21, 1996

Autorite des Marches Financiers de France

Formerly Commission des Operations de Bourse, France
Memorandum respecting administrative arrangements, October 6, 1992

Office of the Superintendent of Financial Institutions Canada (OSFI)

Memorandum of Understanding, January 17, 1989

United States Securities and Exchange Commission (SEC)

Ontario Securities Commission (OSC), Commission des valeurs mobilières du Québec (CVMQ) Memorandum of Understanding, January 7, 1988

Memoranda of understanding establish procedures for the regulators to request enforcement-related information that may be available in the jurisdiction of another regulator. Information may be provided from files or obtained using investigative procedures and powers.

A considerable amount of cooperation and exchange of information between the BCSC and other regulators also takes place on an informal basis, outside the formal context of any memorandum of understanding.