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Regulated Industries

The Financial and Consumer Services Commission of New Brunswick is responsible for the regulation and enforcement of securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, mortgage brokers, pay day lenders, real estate and a wider range of other consumer legislation. We regulate 44,000 industry participants who make their living working with New Brunswickers’ money. These industry participants handle more than $50 billion of New Brunswick consumers’ money.

Questions about your industry’s regulations and legislation? Proposed rule changes? Looking for bulletins and notices? If you operate a business in, or work in, one of these regulated industries, here’s where you’ll find answers.

Clearing Agencies

In securities trading, a clearing agency:

acts as an intermediary in paying funds, in delivering securities (or in doing both)
provides centralized facilities for clearing trades
provides centralized facilities as a depository of securities

In derivatives trading, a clearing agency provides centralized facilities for clearing and settlement of trades in derivatives, and:

enables parties to substitute, through novation or otherwise, the credit of the clearing agency for the credit of the parties
arranges or provides for the settlement or netting of obligations from the track
provides clearing services or arrangements that mutualize or transfer credit risk among participants

The Commission has issued the following documents related to clearing agencies.

Memorandum of Understanding Respecting the Oversight of Clearing Agencies, Trade Repositories and Matching Service Utilities - 3 December 2015