| Copyright (c) Queen's Printer, Victoria, British Columbia, Canada | Licence Disclaimer |
| B.C. Reg. 312/90 O.C. 1343/90 |
Deposited September 7, 1990 effective September 15, 1990 |
| This archived regulation consolidation is current to April 1, 2005 and includes changes enacted and in force by that date. For the most current information, click here. |
Financial Institutions and
Credit Union Incorporation Acts
[includes amendments up to B.C. Reg. 568/2004, December 31, 2004]
1 In this regulation:
"CUIA" means the Credit Union Incorporation Act;
"FIA" means Financial Institutions Act.
2 (1) There shall be paid to the commission, 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 sections 61 (1) or (3) or 160 of the FIA.
[am. B.C. Reg. 217/2002, s. (a).]
3 (1) In respect of matters connected with the administration of the Company Act as it applies for the purposes of the CUIA or the FIA, for which a fee is established under the Company Act, there shall be paid to the Registrar of Companies the same fees that are established from time to time for those matters under the Company Act.
(2) In respect of matters connected with the administration of the Company Act as it applies for the purposes of the CUIA or FIA for which no fee is established under the Company Act, there shall be paid to the Registrar of Companies, for a matter itemized in column 1 of Schedule 2, the fee set out opposite that item in column 2 of that Schedule.
Schedule 1
(Section 2)
[am. B.C. Regs. 45/92; 111/92, s. (a); 217/2002, ss. (b) and (c); 568/2004.]
| Item | Column 1 | Column 2 |
| 1 | For processing an application for incorporation of a credit union under the CUIA or of a trust company or insurance company under the FIA | $5 000 |
| 2 | For processing continuation under section 23 of the FIA | $5 000 |
| 3 | For processing a disposition (other than one ordered under section 277 (g) 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 (g) of the FIA) under section 20 of the CUIA | $5 000 |
| 5 | For processing an amalgamation under section 26 of the FIA | $5 000 |
| 6 | For processing an application for consent of the minister under section 28 of the FIA to a compromise or arrangement described in section 28 (1) of that Act, to an acquisition described in section 28 (2) of that Act or to a reinsurance described in section 28 (3) of that Act | $5 000 |
| 7 | For processing an application for conversion under section 21 of the FIA of an insurance company under another Act into an insurance company under the FIA | $500 |
| 8 | For processing an application for a business authorization under section 61 (1), (3), (5), (6) or (7), 160 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 (a) financial institution, and (b) 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 |
| 11 | An annual fee for each extraprovincial trust corporation whose primary jurisdiction is Canada or a province designated under section 158 (4) of the FIA that (a) has assets to a maximum of $5 million (b) has assets greater than $5 million to a maximum of $50 million (c) has assets greater than $50 million to a maximum of $100 million (d) has assets greater than $100 million to a maximum of $500 million (e) has assets greater than $500 million to a maximum of $1 billion (f) has assets greater than $1 billion to a maximum of $5 billion (g) has assets 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 |
| 11.1 | An annual fee for each extraprovincial insurance corporation that (a) has assets to a maximum of $5 million (b) has assets greater than $5 million to a maximum of $50 million (c) has assets greater than $50 million to a maximum of $100 million (d) has assets greater than $100 million to a maximum of $500 million (e) has assets greater than $500 million to a maximum of $1 billion (f) has assets greater than $1 billion to a maximum of $5 billion (g) has assets greater than $5 billion |
$1 500 $2 750 $3 750 $4 750 $5 750 $7 750 $9 750 + $1 000 per each $1 billion over $5 billion |
| 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 of the minister, the commission or the superintendent under section 33, 34, 76 (3), 99 (3), 142 (2) or 226 (3) of the FIA or section 14 (2), 15, 40 (2), 44 (8), 74 (2) or 76 (9) of the CUIA | $100 |
| 15 | For processing an application for an approval, consent or order of the minister, the commission or the superintendent under section 24 (1), 47 (2), 50 (4), 64 (1), 69, 141 (2), 142 (1), 150 (2) or 276 (c) of the FIA or section 64 (8), 65 (4), 69 (2) or 92 (3) of the CUIA, 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 approval, consent or order of the minister, the commission or the superintendent under section 24 (1), 47 (2), 50 (4), 64 (1), 69, 141 (2), 142 (1), 150 (2) or 276 (c) of the FIA or section 64 (8), 65 (4), 69 (2) or 92 (3) of the CUIA, 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 | $2 500 |
| 23 | For the reissue of a reciprocal exchange permit under section 187 (8) of the FIA | $500 |
| 24 | For the amendment of a reciprocal exchange permit under section 187 (6) of the FIA | $100 |
| 25 | For each hour spent in the provision of investigative services by or on behalf of the commission or the superintendent | $50 |
Schedule 2
(Section 3 (2))
[en. B.C. Reg. 111/92, s. (b).]
| Item | Column 1 | Column 2 |
| 1 | For a priority service when priority service offered | $100 |
| 2 | For the search of a maximum of 3 names on application for reservation of a name |
$30 |
| 3 | For a filing of any document pursuant to the Company Act where no fee has been prescribed | $20 |
Note: This regulation replaces B.C. Regs. 423/80 and 304/89.
[Provisions relevant to the enactment of this regulation: Financial Institutions Act, R.S.B.C. 1996, c. 141 — section 289 (3) (d); Credit Union Incorporation Act, R.S.B.C. 1996, c. 82 — section 108 (2) (f)]
Copyright (c) 2005: Queen's Printer, Victoria, British Columbia, Canada