Legislation

The Financial Institutions Division is responsible for the administration of the following Acts and Regulations:

• The Cost of Credit Disclosure Act
• The Credit Union Act, 1998
• The Credit Union Regulations, 1999
• The Credit Union Insurance Business Regulations
• The Credit Union Act, 1985
• The Credit Union Regulations
• The Mortgage Brokers Act
• The Mortgage Brokers Regulations 
• The Real Estate Act
• The Real Estate Regulations
• The Saskatchewan Insurance Act
• The Saskatchewan Insurance Councils Regulations
• The Saskatchewan Insurance Compensation Plan Regulations, 1990
• The Saskatchewan Insurance Regulations, 2003
• The Trust and Loan Corporations Act, 1997
• The Trust and Loan Corporations Regulations, 1999

 

In July of 2004, the Financial Institutions Division of the Saskatchewan Financial Services Commission  (“FID”) initiated a broad review of The Mortgage Brokers Act with a view to modernizing the regulation of the industries governed by that Act.  As a result of this review, the Department of Justice is considering the implementation of a new Act, The Mortgage Brokerages and Administrators Act, 2007 (the “New Act”).

For more information, please access the following link:

Proposed Provisions: The Mortgage Brokerages and Administrators Act, 2007

For more information:

• Financial Institutions Division
  Saskatchewan Financial Services Commission
  Suite 601, 1919 Saskatchewan Drive
  Regina, Saskatchewan  S4P 4H2
  
  Phone: (306) 787-6700
  Fax: (306) 787-9006
  Email: fid@sfsc.gov.sk.ca

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