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| B.C. Reg. 312/90 O.C. 1343/90 | Deposited September 7, 1990 effective September 15, 1990 |
[Last amended September 1, 2024 by B.C. Reg. 183/2024]
| Contents | ||
|---|---|---|
| 1 | Interpretation | |
| 2 | Fees payable to Authority | |
| 3 | Fees payable to the registrar under the Credit Union Incorporation Act | |
| Schedule 1 | ||
| Schedule 2 | ||
1 In this regulation:
"CUIA" means the Credit Union Incorporation Act;
"FIA" means Financial Institutions Act.
2 (1) There shall be paid to the Authority, for a matter itemized in Column 1 of Schedule 1, the fee set out opposite that item in Column 2 of that Schedule.
(2) Despite subsection (1), no annual fee is payable by a financial institution or an extraprovincial corporation in the calendar year in which the financial institution or extraprovincial corporation is issued a business authorization after filing an application for a business authorization under section 61 (1) or (3), 160 or 160.1 of the FIA.
[am. B.C. Regs. 217/2002, s. (a); 219/2019; 208/2021, App. 5, s. 4.]
3 (1) Subject to subsection (2), there must be paid to the registrar in respect of a matter as it applies to a credit union the same fee as is payable under the Business Corporations Act in respect of that matter as it applies to a company.
(2) A fee of $35 must be paid to the registrar for filing an annual report with the registrar under the Credit Union Incorporation Act.
(a) under the Credit Union Incorporation Act a record may or must be filed with the registrar, and
(b) no fee is payable under subsection (1) or (2) for that filing,
a fee of $20 must be paid to the registrar for that filing.
[en. B.C. Reg. 213/2012, s. 1.]
[am. B.C. Regs. 45/92; 111/92, s. (a); 217/2002, ss. (b) and (c); 568/2004; 174/2008; 213/2012, s. 2; 219/2019; 260/2019, App. 1; 208/2021, App. 5, s. 5; 183/2024, App. 3.]
(Section 2)
| Item | Column 1 | Column 2 |
| 1 | For processing an application for consent to an incorporation of (a) a credit union under section 11 of the Credit Union Incorporation Act, or (b) a trust company or insurance company under section 13 of the Financial Institutions Act | $5 000 |
| 2 | For processing an application for consent to a continuation under section 18 of the Financial Institutions Act | $5 000 |
| 3 | For processing a disposition (other than one ordered under section 277 (2) (d) of the FIA) under section 16 of the CUIA | .01% of assets to maximum of $5 000 |
| 4 | For processing an amalgamation (other than one ordered under section 277 (2) (d) of the FIA) under section 20 of the CUIA | $5 000 |
| 5 | For processing an application for consent to an amalgamation under section 20 of the Financial Institutions Act | $5 000 |
| 6 | For processing an application for consent under section 21 of the Financial Institutions Act to an arrangement described in section 21 (1) of that Act, to an acquisition described in section 21 (2) of that Act or to a reinsurance described in section 21 (3) of that Act | $5 000 |
| 7 | For processing an application for consent to a conversion, under section 16 of the Financial Institutions Act, of a special Act insurance company into a company for the purpose of carrying on insurance business | $500 |
| 8 | For processing an application for a business authorization under section 61 (1), (3), (5), (6) or (7), 160, 160.1 or 166 (4) (b) of the FIA | $2 500 |
| 9 | For processing an application for a business authorization under section 61 (4) of the FIA or documents or information filed under section 166 (1) or (3) of the FIA | $100 |
| 10 | An annual fee for each credit union | $500 + 0.013% of assets less than or equal to $25 million + 0.01% of assets between $25 million and $250 million + 0.008% of assets greater than $250 million |
| 11 | An annual fee for each (a) trust company, and (b) extraprovincial trust corporation | $2 500 + 0.01% of assets, as reported in non-consolidated financial statements, greater than $5 million to maximum of $50 million + 0.005% of assets, as reported in non-consolidated financial statements, greater than $50 million to a maximum of $100 million + 0.0025% of assets, as reported in non-consolidated financial statements, greater than $100 million to a maximum of $500 million + 0.001% of assets, as reported in non-consolidated financial statements, greater than $500 million to a maximum of $1 billion + 0.0005% of assets, as reported in non-consolidated financial statements, greater than $1 billion to a maximum of $5 billion + 0.0001% of assets, as reported in non-consolidated financial statements, greater than $5 billion |
| 11.1 | An annual fee for each insurance company and extraprovincial insurance corporation that has assets, as reported in its non-consolidated financial statements, (a) to a maximum of $100 million (b) greater than $100 million to a maximum of $1 billion (c) greater than $1 billion | $5 000 + 0.019% of direct written premiums from insurance business carried on in British Columbia during the previous fiscal year $7 500 + 0.019% of direct written premiums from insurance business carried on in British Columbia during the previous fiscal year $10 000 + 0.019% direct written premiums from insurance business carried on in British Columbia during the previous fiscal year |
| 12 | For filing a disclosure statement under section 62 (2) of the CUIA | $100 |
| 13 | For filing a statement of material change under section 62 (5) of the CUIA | $100 |
| 14 | For processing an application for an approval, consent or order under section 15, 33, 76 (3), 99 (3), 142 (2) or 226 (3) of the Financial Institutions Act or section 14 (2), 39.71, 40 (2), 44 (8), 74 (2) or 76 (9) of the Credit Union Incorporation Act, other than for processing an application in relation to a pre-existing trust company or pre-existing insurance company for consent to an alteration of its memorandum or articles for the purposes of Division 1 of Part 14 of the Business Corporations Act | $100 |
| 15 | For processing an application for an approval, consent or order under section 19 (1) (b), 47 (2), 50 (4), 64 (1), 69, 141 (2), 142 (1), 150 (2) or 276 (c) of the Financial Institutions Act or section 64 (8), 65 (4), 69 (2) or 92 (3) of the Credit Union Incorporation Act, in a case where no application for an advanced ruling is received | $500 |
| 16 | For processing an application for an advanced ruling on an application referred to in item 15 | $500 |
| 17 | For processing an application for an approval, consent or order under section 19 (1) (b), 47 (2), 50 (4), 64 (1), 69, 141 (2), 142 (1), 150 (2) or 276 (c) of the Financial Institutions Act or section 64 (8), 65 (4), 69 (2) or 92 (3) of the Credit Union Incorporation Act, in a case where there has been an advanced ruling on the application | $100 |
| 18 | For the issue of a licence under Division 2 of Part 6 of the FIA, for each year of the licence | $25 |
| 18.1 | For an annual filing fee for a continuous licence under Division 2 of Part 6 of the FIA | $25 |
| 19 | For the transfer or amendment of a licence under Division 2 of Part 6 of the FIA | $50 |
| 20 | For the reinstatement of a licence under section 229 (1) of the FIA | $50 |
| 21 | For the issue of a temporary licence under section 183 (4) of the FIA | $25 |
| 22 | For the issue of a reciprocal exchange permit under section 187 (1) of the FIA | $3 500 |
| 23 | For the reissue of a reciprocal exchange permit under section 187 (8) of the FIA | $3 500 |
| 24 | Repealed [B.C. Reg. 174/2008, s. (c).] | |
| 25 | For each hour spent in the provision of investigative services by or on behalf of the Authority or the superintendent | $50 |
Repealed. [B.C. Reg. 213/2012, s. 3.]
[Provisions relevant to the enactment of this regulation: Financial Institutions Act, R.S.B.C. 1996, c. 141, s. 289, and the Credit Union Incorporation Act, R.S.B.C. 1996, c. 82, s. 108.]
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