Registration - Consultant

Subject Matters

• Agriculture
• Budget
• Financial Institutions
• Industry
• Privacy and Access to Information
• Small Business
• Taxation and Finance

Subject Matter Details

Legislative Proposal, Bill or Resolution

• Bank Act - federal credit union provisions. Competitiveness of credit unions, Section 427-429 Bank Act security and preparation for government's next scheduled review of federal financial institutions legislative review due in 2017.
• Bankruptcy and insolvency Act as it relates to lending practices and priority of security. Monitor and participate in the review of the Act.
• Bill S-4, the Digital Privacy Act, to align the record-keeping requirements related to data breaches with the proposed reporting requirements; to allow financial institutions to share information related to "criminal activity" in order to cover financial crimes such as money laundering, terrorist financing, bank robberies and other crimes that are not "fraud", and to tailor non-compliance fines to the size of the institution.
• Canada Deposit Insurance Corporation (CDIC) Act. Monitor the progress of the CDIC review of deposit insurance and participate in any consultations or research initiatives. Monitor any resulting changes to the CDIC Act.
• Canadian Payments Act - Monitor work by the Department of Finance, Bank of Canada and the Canadian Payments Association to amend the Act once the Governance review is complete.
• Co-operative Credit Associations Act - proposed repeal of Part XVI and Part XVII and its implications for the credit union system. Preparation for government's next scheduled review of federal financial institutions legislative review due in 2017.
• Competition Act - merger review standards, performance and fees of the Competition Bureau as they affect credit unions, compliance programs.
• FATCA - The intergovernmental agreement established between the USA and Canada, to facilitate compliance with "The Foreign Account Tax Compliance Act (FATCA).
• Monitor the financial powers and operations of the Business Development Bank of Canada as being considered during the current statutory Parliamentary Review of the Business Development Bank of Canada Act.
• Proceeds of Crime (Money Laundering) and Terrorist Financing Act with respect to reporting and compliance obligations of credit unions and credit union centrals.
• Seeking a review of the mandate, financial powers and operations of Farm Credit Canada (FCC) and FCC's competitive position relative to credit union agricultural lenders.
• The Canada Anti-Spam Law as it relates to identity theft and related misconduct
• The Income Tax Act as it relates to the taxation of credit union's cooperatives and small business
• The Personal Information Protection and Electronic Documents Act with respect to impact on credit unions and credit union centrals

Policies or Program

• Ensuring the implementation of the federal government's "small business lens" policy framework in policy areas that impact credit unions.
• Issues that impact the competitiveness of credit unions including: federal credit union legislation; CMHC's mortgage insurance policies; and anti-money laundering and anti-terrorist financing legislation.
• Participated in the Department of Finance consultation on the development of a financial consumer code. Continue to monitor its development.

Communication Techniques

• Written communication
• Oral communication
• Grass-roots communication

Government Institutions

• Agriculture and Agri-Food Canada (AAFC)
• Bank of Canada
• Business Development Bank of Canada (BDC)
• Canada Deposit Insurance Corporation (CDIC)
• Canada Mortgage and Housing Corporation (CMHC)
• Canada Revenue Agency (CRA)
• Competition Tribunal (CT)
• Employment and Social Development Canada (ESDC)
• Export Development Canada (EDC)
• Farm Credit Canada (FCC)
• Finance Canada (FIN)
• Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
• House of Commons
• Industry Canada
• Office of the Information Commissioner of Canada (OIC)
• Office of the Privacy Commissioner of Canada (OPC)
• Office of the Superintendent of Financial Institutions Canada (OSFI)
• Prime Minister's Office (PMO)
• Senate of Canada

Address:
151 Yonge Street, Suite 1000
Toronto, ON  M5C 2W7
Canada

Telephone number: 416-232-1262
Fax number: 416-232-1720  

Client representative

Martha Durdin, President and CEO

Parent Company Information

Credit Union Central of Canada is not a subsidiary of any other parent companies.