The British Columbia (BC) Reporter provides a monthly summary of BC’s legislative and regulatory developments of relevance to provincially regulated financial institutions. It does not address Canadian federal financial services legislative and regulatory developments, although this information is provided by BLG separately. In addition, purely technical and administrative changes (such as changes to reporting forms) are not covered.
March 2022/April 2022
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Published |
Title and Brief Summary |
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April 25, 2022 |
Introduction of Bill 21: Professional Governance Amendment Act, 2022 (3rd Session, 42nd Parliament (2022) Amending:
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April 25, 2022 |
Budget Measures Implementation Act, 2022 Bill 6, Budget Measures Implementation Act, 2022 (3rd Session, 42nd Parliament) received third reading April 25, 2022 and is now partially in force (see details). Acts affected by Budget Measures Implementation Act, 2022:
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Partially in force as at April 25, 2022 |
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Volume CLXII, 2022, No. 13, March 31 |
Published: Maa-Nulth First Nations Tax Treatment Agreement Amendment Agreement (No. 2) Amendment agreement dated July 12 2021. |
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Amendments to BC Regulations |
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March 30, 2022 |
Gender-based words removed from hundreds of provincial regulations The provincial government issued Orders in Council 157/2022 and 158/2022, which amends many regulations by replacing gendered language with non-gendered alternatives. |
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March 30, 2022 |
B.C. Regulation, 76/2022 Amends B.C. Regulation. 273/2004 — Disclosure of the Cost of Consumer Credit Regulation and 57/2009 — Payday Loans Regulation Statutory Authority: Business Practices and Consumer Protection Act Order in Council No. 157/2022, March 30, 2022 |
Effective March 30, 2022 |
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March 30, 2022 |
B.C. Regulation, 76/2022 Amends B.C. Reg. 308/90 — Credit Union Directors Election Regulation Statutory Authority: Credit Union Incorporation Act Order in Council No. 157/2022, March 30, 2022 |
Effective March 30, 2022 |
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March 30, 2022 |
B.C. Regulation, 76/2022 Amends B.C. Reg. 366/2007 — Insurer Exemption Regulation Statutory Authority: Financial Institutions Act Order in Council No. 157/2022, March 30, 2022 |
Effective March 30, 2022 |
Disclaimer
This Reporter is prepared as a service for our clients. It is not intended to be a complete statement of the law or an opinion on any subject. Although we endeavour to ensure its accuracy, no one should act upon it without a thorough examination of the law after the facts of a specific situation are considered.
