FCAC

News & Analysis as of

Year in Review: Legislation and Guidance for Financial Institutions in 2014

2014 was a year replete with new legislative and regulatory initiatives impacting federally regulated financial institutions. The key initiatives introduced or implemented in 2014 are outlined in our annual year in review....more

New Prepaid Payment and Promotional Product Regulations in Canada

On May 1, 2014, Canada’s Prepaid Payment Products Regulations came into force. The new regulations apply to all prepaid payment products and promotional products, whether physical or electronic, issued in Canada by federally...more

FCA Publishes Undertaking by Equitable Life Regarding Unfair Contract Terms

On May 31, the FCA published an undertaking given by the Equitable Life Assurance Society under the Unfair Terms in Consumer Contracts Regulations 1999 (SI 1999/2083) (UTCCRs), relating to the fairness of a disclaimer in a...more

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