The Co-operative Credit Associations Act is the primary legislation governing all federally incorporated or registered retail associations in Canada. FCAC is responsible for administering sections of the Act designated as consumer provisions, in addition to monitoring the compliance of federally regulated financial institutions with voluntary codes of conduct and public commitments.
The complete text of the Act is posted on the Department of Justice Canada’s website. For your convenience, we have also extracted the specific sections related to consumer provisions.
|Act||Sections related to consumer provisions|
Paragraphs 167(2)(f) and (g), subsection 382.2(3) and sections 385.05 to 385.28 of the Cooperative Credit Associations Act together with any regulations made under or for the purposes of those provisions