Trust, Loan and Financing Corporations
Trust, Loan and Financing Corporations - Compliance Requirements
Once licensed, trust, loan and financing corporations must comply with applicable legislation, including the reporting requirements of The Trust and Loan Corporations Act, 1997.
All licensees must remit the annual fee by December 31 of every year.
Annual Fees for the 2015 Licence Year and subsequent years are increased for larger corporations, and the amount payable is also determined based on licensing category:
All licensees must immediately inform the Saskatchewan Superintendent of Financial Institutions of any changes to their contact information, including:
Saskatchewan trust corporations and Saskatchewan loan corporations (i.e. corporations that are incorporated in Saskatchewan and are not authorized by the Office of the Superintendent of Financial Institutions (Canada) (“OSFI”)) have additional reporting and compliance requirements. These licensees should contact the Saskatchewan Superintendent of Financial Institutions to discuss these requirements.