The AMF’s guidelines presented in this section are intended for financial services financiers, credit unions, federations of credit unions and, if applicable, legal persons forming part of a cooperative group (such as Groupe coopératif Desjardins) governed by the Act respecting financial services cooperatives This link will open in a new window, CQLR, c. C-67.3. They are also intended for trust companies authorized under the Trust Companies and Savings Companies Act This link will open in a new window, CQLR, c. S-29.02, and savings companies governed by that Act, as well as other deposit institutions authorized under the Deposit Institutions and Deposit Protection Act This link will open in a new window, CQLR, c. I-13.2.2.

The guidelines apply both to financial institutions that operate independently and to institutions that are part of a financial group. Where elements of a particular guideline concern only certain institutions, clear reference is made to those institutions.

Standards or policies adopted by a federation with respect to the financial services cooperatives that are members of the federation should be consistent, if not convergent, with financial services cooperatives’ legal obligations regarding sound and prudent management practices and sound commercial practices.

Guidelines diagram

Sound and prudent management practices and sound commercial practices

Financial services cooperatives

Solvency requirements

Disclosure requirements

Liquidity requirements

Total Loss Absorbing Capacity Requirements

Credit unions not members of a federation, trust companies and savings companies

Information Centre

For more information regarding these Guidelines, please contact the AMF Information Centre.

Guidelines diagram