FSRA is actively reviewing all DICO regulatory direction, including but not limited to forms, guidelines and FAQs.Until FSRA issues new regulatory direction, all existing regulatory direction remains in force. |
Effective October 1, 2009, DICO has the authority to issue specified compliance orders requiring a credit union to resolve specified weaknesses and deficiencies. In certain cases, DICO may also impose conditions of deposit insurance and administrative penalties. DICO has committed to administer these responsibilities in a fair and transparent manner, in accordance with established criteria.
Under the Act , DICO has a number of other powers that it may use as the circumstances require. These include the power to: