Market practices regulation is public policy directed toward consumer protection. The Financial and Consumer Affairs Authority and the Credit Union Deposit Guarantee Corporation expect credit unions to develop and manage policies and procedures that will instill confidence in Saskatchewan credit unions.
NCL supports participating credit unions in the development and maintenance of a Market Code and Code of Conduct for adoption. The Market Code is the credit union’s response to consumer protection and is intended to be a public document available to members and consumers. Credit union boards are required to approve, oversee and periodically review and assess the effectiveness of policies and procedures respecting market practice that ensure good business practices and fairness to consumers.
Saskatchewan credit unions can sign in to access Market Code information and support materials.
Contact: Shannon Schofer (bio) at 306.541.4654.
