{"id":262488,"date":"2013-07-02T10:00:00","date_gmt":"2013-07-02T15:00:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/new-brunswick-consolidates-industry-regulation\/"},"modified":"2017-12-19T12:37:02","modified_gmt":"2017-12-19T17:37:02","slug":"new-brunswick-consolidates-industry-regulation","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/from-the-regulators\/new-brunswick-consolidates-industry-regulation\/","title":{"rendered":"New Brunswick consolidates industry regulation"},"content":{"rendered":"
The New Brunswick Financial and Consumer Services Commission (FCSC) began operation on July 1.<\/p>\n
The FCSC was established by the province of New Brunswick to bring together the regulatory authorities for securities, insurance, pensions, consumer affairs, co-operatives, credit unions, caisses populaires, and loan and trust companies.<\/p>\n
“We live in a world with a rapidly changing financial and consumer services marketplace where increasingly complex products and services are being offered,” said David Barry, chairman of the FCSC, in a release.<\/p>\n
“Under this new model, the regulation of financial services in New Brunswick will be more effective with consistent and appropriate regulatory oversight allowing us to respond to evolving marketplace needs.”<\/p>\n