Compliance Orders

Under the Act ↗, DICO has the authority to issue a Compliance Order requiring an insured institution to undertake specific actions outlined in the Order where:

there are reasonable grounds to believe that the insured institution is not complying with the requirements of the Act and the regulations; or
DICO considers it is necessary to protect the interests of the members, shareholders or depositors; or
DICO considers it necessary to ensure the financial security and integrity of the insured institution

For Insured Institutions ONLY:

Further information is available in the secured part of our website, on the page Applications, Variations and Exemptions, Compliance Orders, Other Powers.