
Act, Credit Union Act, Loan and Trust Corporations Act, Religious Societies Land Qp Alberta Form
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People also ask
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Who are trust companies regulated by?
These companies are chartered and regulated by the state or by the OCC. Trust companies which are owned by a bank holding company are also subject to supervision by the Federal Reserve Board. Trust companies that are owned by banks are subject to examination and supervision by the parent bank's primary regulator.
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Are trust companies federally regulated in Canada?
We regulate and supervise all federally incorporated or registered trust and loan companies. These financial institutions conduct activities similar to those of a bank.
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What is the Trust Companies Act in Alberta?
The Loan and Trust Corporations Act establishes the legal framework governing the operation of provincial and extra-provincial loan and trust corporations in Alberta. The Act also includes some provisions that relate to shareholders, consumers and established general restrictions over deposit taking in Alberta.
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Who is the regulator of the Alberta Financial Services?
The Alberta Securities Commission (ASC) is the regulatory agency responsible for administering the province's securities laws. Our mission is to foster a fair and efficient capital market in Alberta and to protect investors.
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What is the Loan and Trust Corporation Act in Alberta?
The Loan and Trust Corporations Act establishes the legal framework governing the operation of provincial and extra-provincial loan and trust corporations in Alberta. The Act also includes some provisions that relate to shareholders, consumers and established general restrictions over deposit taking in Alberta.
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What is the Credit Union Act in Alberta?
The Credit Union Act provides the legal framework governing the operation and oversight of credit unions in Alberta, the Credit Union Deposit Guarantee Corporation (the regulator) and the Credit Union Central Alberta Ltd. (an industry association).
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Who regulates trust companies in Alberta?
As regulator, the Alberta Superintendent of Financial Institutions will make recommendations to the company where areas need improvement and may use other regulatory powers where it is necessary to safeguard depositors from experiencing any undue loss.
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