Title BEFORE amended by 2019-39-127, effective June 4, 2019 [retro from November 28, 2019 (Royal Assent)].
FINANCIAL SERVICES AUTHORITY ACT, 2019
Section 4 (b) to (g) were brought into force by 2019-14-4(b) to (g), effective November 1, 2019 (BC Reg 197/2019).
Section 8 (5) (d.1) was added by 2019-39-128, effective November 1, 2019 [retro from November 28, 2019 (Royal Assent)].
Section 8 (5) (d) and (d.1) BEFORE amended by 2021-2-161, effective August 1, 2021 (BC Reg 208/2021).
(d) the duty to appoint the Superintendent of Financial Institutions, the Superintendent of Pensions and the Registrar of Mortgage Brokers,
(d.1) any power or duty that the Authority is prohibited from delegating under section 201 (3) of the Financial Institutions Act,
Section 11 (3) BEFORE amended by 2021-2-163, effective August 1, 2021 (BC Reg 208/2021).
(3) The Public Service Benefit Plan Act applies to officers and employees of the Authority.
Section 12 (2) BEFORE amended by 2021-2-165(b), effective August 1, 2021 (BC Reg 208/2021).
(2) Subject to subsections (3) to (5), money received by the Authority may be expended for any costs involved in the administration and enforcement of this Act and any other Act referred to in section 4 and for any costs involved in operating the Authority.
Section 27 BEFORE self-repealed by 2019-14-27(3), effective June 4, 2022 [3 years after s. 27 coming into force].
Transition — regulations
27 (1) The Lieutenant Governor in Council may make regulations it considers necessary or advisable to
(a) more effectively bring this Act into operation, or
(b) remedy any transitional difficulties, in respect of any matter, encountered in the transition from the commission to the Authority.
(2) A regulation under subsection (1) may be made retroactive to a specified date that is not earlier than the date this section comes into force and, if made retroactive, is deemed to have come into force on the specified date.
(3) This section and any regulations made under it are repealed 3 years after the date this section comes into force.