Regulatory Update: FCAC Priorities and Plan for 2014
Kevin Thomas
Manager, Policy, Promotion and Research Division
Financial Consumer Agency of Canada (FCAC)
- The latest guidance from FCAC on the Code of Conduct
for the Credit and Debit Card Industry in Canada
- Focus on special considerations in mobile payments
- Plain language update from the FCAC on priorities,
including:
- timing and expectations,
- considerations when they start reviewing documents,
- what the critical principles mean,
- guidance on how to make your agreements “plain language” by simplifying legal wording/concepts, without losing impact
- Guidance on how the regulator views industry’s use
of multi-vendor guidance for the Code:
- examining grey areas, the main concepts, and key principles