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OSC Glossary

Terms

Acronym Category Description
FAIR Markets  

Canadian Foundation for Advancement of Investor Rights is a non-profit independent organization that “seeks to advance the interests of investors and the integrity and fairness of Canadian capital markets –“

(Source: FAIR website)
FASB Accounting

Financial Accounting Standards Board seeks to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.

(Source: FASB website)
FCA Professional Association

Financial Conduct Authority regulates firms and financial advisers and encourages transparent pricing. As of April 2013, the PRA and the FCA operate as regulating bodies filling the role of the FSA. The FCA is separate but from the PRA and Bank of England, but these authoritative bodies creating a “twin peaks” regulatory structure. The FCA   regulates financial services not under PRA supervision, such as asset managers and independent financial advisors.

(Sources: FCA website and Bank of England, PRA page)
FCCA Regulatory 

Financial and Consumer Affairs Authority protects consumer and public interests and supports the economic well-being through responsive regulation. Its Securities Division is the province of Saskatchewan’s OSC equivalent, aka the Saskatchewan Securities Commission.

(Source: Government of Saskatchewan website, FCCA Securities Division page)
FDAB  OSC 

Financial Disclosure Advisory Board consults and advises the OSC on financial   disclosure requirements of the Securities Act and its regulations. It consults with staff on controversial matters requiring resolution.

(Source: OSC website)
FDM Regulatory

Fair Dealing Model is a blueprint for major reform of the regulation of retail financial services. It adapts the traditional values of fair dealing and efficient allocation of capital to modern business methods and retail investor needs.

(Source: OSC, Securities Law and Instruments)
FIBV Regulatory

Federation International des Bourses de Valeurs, or the World Federation of   Exchange, is “an international organisation comprised of the world’s leading   exchanges… Its purpose is to facilitate the representation, development of organised and regulated markets and to meet the needs of evolving capital markets in the best interest of their users.”

(Source: 2001 Annual report, p. 4)
Fiduciary Law

A fiduciary, as a noun, is a person holding the character of a trustee, or a character analogous to that of a trustee. A fiduciary that is invested with rights and powers to be exercised for the benefit of another person.

As an adjective it is the nature of a legal or ethical relationship of trust between two or more parties.

(Source: Black’s Legal Dictionary)
Financial Market Markets

Financial markets are markets for exchange of capital and credit, including the money markets and the capital markets.

(Source: A Brief Overview of the Regulatory Structure of Securities Regulation in   Ontario)
FIRB Markets

Foundation internal ratings approach is an approach whereby Basle II allows banks to calculate their capital requirement in respect of their credit risk exposure for obligor.

(Source: Morgan Stanley Intuition website)
FMI Markets

Financial Market Infrastructure is defined by the Bank of Canada as the channel   through which financial transactions are cleared, settled and recorded. They allow consumers and firms to purchase goods and services, make financial investments, and transfer funds.

Risk.net offers a Journal of Financial Market Infrastructure.

(Source: Bank of Canada website & Risk.net)
FS OSC

Financial Stability – The OSC goal to contribute to both national and international efforts to mitigate systemic risk to promote financial stability of the global financial markets.  

(Source: OSC Strategic Plan)
FSA (UK) Regulatory

Financial Services Authority, 2000 – 2013, is an administrative tribunal regulated the financial services   industry in the UK, including insurance, pensions and securities. Their role encompassed consumer education, enforcement and supervisory activities. As of April 2013, the FSA has been split into two bodies: the PRA, associated with the Bank of England, and the FCA.

(Source: FSA website)
FSMA Law

Financial Services and Markets Act is an Act to make provision about the regulation of financial services and markets; to provide for the transfer of certain statutory functions relating to building societies, friendly societies, industrial and provident societies and certain other mutual societies; and for connected purposes.

(Source: UK Government Legislation – The National Archives)
FSB Regulatory

Financial Stability Board – The FSB has been established to coordinate at the   international level the work of national financial authorities and international standard setting bodies and to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies in the interest of financial stability currently chaired by Mark Carney (former Cdn BofC and currently Bank of England Governor)

(Source: FSB website)
FSAP Markets

Financial Sector Assessment Program is an IMF program, established in 1999. It’s a comprehensive analysis of a country’s financial sector. 

(Source: IMF website, Supporting Documents Country FSAPS page)
FSCO Regulatory

Financial Services Commission of Ontario regulates insurance, pensions, credit unions, caisses populaires, cooperatives, mortgage brokers and loan & trust companies.

(Source: FSCO website)
FTSE Markets 

A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. The FTSE is   similar to Standard & Poor's in the United States. They are best known for the FTSE 100, an index of blue-chip stocks on the London Stock Exchange. 

(Source: Investopedia)