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B.C. Reg. 312/90
O.C. 1343/90
Deposited September 7, 1990
effective September 15, 1990
This consolidation is current to May 21, 2024.
Link to consolidated regulation (PDF)
Link to Point in Time

Financial Institutions Act and Credit Union Incorporation Act

Financial Institutions Fees Regulation

[Last amended August 1, 2021 by B.C. Reg. 208/2021]

Contents
1Interpretation
2Fees payable to Authority
3Fees payable to the registrar under the Credit Union Incorporation Act
Schedule 1
Schedule 2

Interpretation

1   In this regulation:

"CUIA" means the Credit Union Incorporation Act;

"FIA" means Financial Institutions Act.

Fees payable to Authority

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.]

Fees payable to the registrar under the Credit Union Incorporation Act

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.

(3) If

(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.]

Schedule 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.]

(Section 2)

ItemColumn 1Column 2
1For 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
2For processing an application for consent to a continuation under section 18 of the Financial Institutions Act$5 000
3For 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
4For processing an amalgamation (other than one ordered under section 277 (2) (d) of the FIA) under section 20 of the CUIA$5 000
5For processing an application for consent to an amalgamation under section 20 of the Financial Institutions Act$5 000
6For 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
7For 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
8For 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
9For 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
10An annual fee for each
(a) credit union
(b) trust company, and
(c) extraprovincial trust corporation whose primary jurisdiction is not Canada or a province designated under section 158 (4) of the FIA
having a business authorization




$500 + 0.013% of assets less than or equal to $25 million + 0.01% of assets between $25 and $250 million + 0.008% of assets greater than $250 million
11An annual fee for each extraprovincial trust corporation whose primary jurisdiction is Canada or a province designated under section 158 (4) of the FIA that has assets, as reported in the corporation's non-consolidated financial statements,
(a) to a maximum of $5 million
(b) greater than $5 million to a maximum of $50 million
(c) greater than $50 million to a maximum of $100 million
(d) greater than $100 million to a maximum of $500 million
(e) greater than $500 million to a maximum of $1 billion
(f) greater than $1 billion to a maximum of $5 billion
(g) greater than $5 billion
 
 
$1 500
$3 000
$4 000
$5 000
$6 000
$8 000
$10 000 + $1 000 per each $1 billion over $5 billion
11.1An 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
12For filing a disclosure statement under section 62 (2) of the CUIA$100
13For filing a statement of material change under section 62 (5) of the CUIA$100
14For 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
15For 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
16For processing an application for an advanced ruling on an application referred to in item 15$500
17For 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
18For the issue of a licence under Division 2 of Part 6 of the FIA, for each year of the licence$25
18.1For an annual filing fee for a continuous licence under Division 2 of Part 6 of the FIA$25
19For the transfer or amendment of a licence under Division 2 of Part 6 of the FIA$50
20For the reinstatement of a licence under section 229 (1) of the FIA$50
21For the issue of a temporary licence under section 183 (4) of the FIA$25
22For the issue of a reciprocal exchange permit under section 187 (1) of the FIA$3 500
23For the reissue of a reciprocal exchange permit under section 187 (8) of the FIA$3 500
24Repealed [B.C. Reg. 174/2008, s. (c).] 
25For each hour spent in the provision of investigative services by or on behalf of the Authority or the superintendent$50

Schedule 2

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.]