Financial Services in Canada: An Illustration

FINANCIAL SERVICES IN CANADA: AN ILLUSTRATION This organizational chart outlines the key groups that drive financial services in Canada and how they work together. Investments Federal Legislation Insurance Credit Union Act Insurance Bank Act Companies Act Federal Government Federal Regulation Federal Ministry of Finance OSFI Securities Insurance Provincial & Territorial Governments Legislation Legislation Provincial Regulators Regulators Regulation 13 Provincial Regulators Ministries of Finance 13 Provincial Regulators OBSI OLHI Financial Literacy, Advocacy & Investor Protection Financial Literacy, Advocacy & Investor Protection OSC Investor Advisory Panel Provincial Financial Literacy Groups (e.g., IEF) Financial Literacy Leader FCAC FAIR CSA CCIR Credentials & Designations Credentials & Designations Manufacturers Distribution Investor Distribution Manufacturers CFA Investment Portfolio Managers PMAC Counsellors Private National CFA Institute Accounts Client CIFPS CIM FPSC Dealers IIAC Full-service Brokers PRIVATE CLIENT CFP Independent Insurance Companies Mutual Fund $1M FCSI Managing General Agencies Companies CIPF IIROC CSI Lic. LLQP Independent Dealers IFIC Lic. CSC CFP Mass Affluent Independent Insurance Advisors Assuris CSI Bank-owned Mutual MFDA Fund Companies MFDA IPC FPSC Dedicated Sales Force Direct Contract CLU Bank-owned Lic. IFC Insurance Companies MASS AFFLUENT IAFE Branch-based Advisors Dedicated Sales Forces ETF Manufacturers PFP CHS CETFA Advocis CAILBA Mass Market ($100K Direct MASS MARKET Mutual Fund Dealer Online Brokerage COLOUR CODE: Created by H2 Central H Marketing & Communications Investor Protection Funds Associations Professional Licences H2Central.ca © Property of H2 Central Marketing & Communications. Reproduction in part or whole is prohibited without written permission from H2 Central Marketing & Communications. GLOSSARY OF TERMS: Advocis Financial Advisors Association of Canada CLU Chartered Life Underwriter designation IFIC Investment Funds Institute of Canada Canadian Securities Administrators Investment Industry Association of Canada Investment Industry Regulatory Organization of Canada Life Licence Qualification Program Assuris Protects Canadian policyholders if an insurance company fails Canadian Association of Independent Life Brokerage Agencies Canadian Council of Insurance Regulators CSA IIAC CAILBA CSC Canadian Securities Course IIROC June 2014 CCIR CSI Canadian Securities Institute LLQP Exchange-traded funds Canadian Foundation for Advancement of Investor Rights CETFA Canadian Exchange-Traded Funds Association Chartered Financial Analyst designation Grantor of the CFA designation Certified Financial Planner designation ETF MFDA Mutual Fund Dealers Association CFA FAIR MFDA IPC MFDA Investor Protection Corporation CFA Institute FCAC Financial Consumer Agency of Canada OBSI Ombudsman for Banking Services and Investing OmbudService for Life & Health Insurance Ontario Securities Commission CFP FCSI Fellow of the Canadian Securities Institute OLHI CHS Certified Health Insurance Specialist FPSC Financial Planning Standards Council OSc Canadian Institute of Financial Planners Institute for Advanced Financial Education Office of the Superintendent of Financial Institutions Personal Financial Planner designation CIFPS IAFE OSFI CIM Chartered Investment Manager designation IEF Investor Education Fund PFP CIPF Canadian Investor Protection Fund IFC Investment Funds in Canada course PMAC Portfolio Management Association of Canada