Credit Unions & Caisses Populaires Act - Amendments
The Financial Services Commission of Ontario (FSCO) regulates the registration of credit unions and caisses populaires under the Credit Unions and Caisses Populaires Act, 1994 (CUCP Act).
The changes enhance consumer protection, update and streamline regulations. The amendments have the effect of transferring many statutory responsibilities from the Financial Services Commission of Ontario (FSCO) to the Deposit Insurance Corporation of Ontario (DICO). Many administrative responsibilities are being transferred from regulators (FSCO and DICO) to credit unions and caisses populaires also.