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Loan and Trust Companies: Focus on Registration
Loan and trust companies operating in Ontario either serve unique or niche markets, such as providing transfer agency and share registration services, or are subsidiaries of banks supporting trust activities related to savings or accumulation accounts registered with the Canada Revenue Agency.
FSCO’s role in the regulation of loan and trust companies is limited to registering companies operating in the province, and taking actions against unlicensed deposit-takers.
As at March 31, 2017, there were 51 federally-incorporated loan and trust companies registered to operate in Ontario, the same as a year earlier, but lower than the high of 59 in 2013. Mergers and acquisitions in the financial services sector have led to a decline in Ontario-registered loan and trust companies.
Loan and Trust Companies Registered with FSCO 2013-2017, as at March 31
Description of Loan and trust companies registered with FSCO image
Loan and Trust Companies 2012-13 to 2016-17
Description of Loan and trust company complaints image
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