About Us

Organizational Structure

The Role of the Superintendent and CEO and Staff of FICOM

Day-to-day regulatory and operational decisions are administered by the Superintendent and CEO and approximately 90 staff hired under the Public Service Act.

The Superintendent and CEO serves in several official capacities, including Superintendent of Financial Institutions, Superintendent of Pensions, Superintendent of Real Estate, Registrar of Mortgage Brokers and CEO of the Credit Union Deposit Insurance Corporation (CUDIC) under the corresponding legislation.

FICOM staff work in four core business areas: Credit Unions and Trusts, Insurance, Pensions, Real Estate and Mortgage Brokers. Support services are provided to the core business areas by Administrative Services, Financial Services and the CEO's Office.

Tara Richards, Interim CEO of FICOM

Tara was appointed as Assistant Deputy Minister, Corporate Services and EFO on July 17, 2014, with responsibility for corporate financial and facilities services, strategic human resources, information management and performance management and corporate priorities.

She has over 20 years experience in the BC public service. She has held progressively more responsible positions in various ministries in policy and legislation, operations, intergovernmental relations, and planning and corporate support services. Tara obtained her Master’s Degree in Public Administration as well as an undergraduate degree in Political Science from the University of Victoria.

As interim CEO, Tara will oversee and direct functions in finance, human resources, information technology, service planning and stakeholder relations.

Role of the Financial Institutions Commission

The Commission exercises powers and carries out duties assigned to it under the Financial Institutions Act (FIA) and the Credit Union Incorporation Act (CUIA) relating to the regulation and supervision of provincially licensed insurance companies, trust companies and credit unions. Through the exercise of FIA and CUIA powers, the Commission makes major regulatory decisions regarding incorporations, business authorizations, amalgamations, liquidations and windups.

The Lieutenant Governor in Council appoints between 2 and 11 Commission Members under the provisions of the FIA and CUIA. As an ex officio Member of the Commission, the Deputy Minister (or his designate) participates in the Commission´s exercise of its powers and carrying out of its duties under the FIA.

Helen R. del Val - Commission Chair

Ms. del Val attended the University of British Columbia and was awarded the University Medal in Arts and Science for graduating with the highest standing in the Arts Faculty. In addition to her Bachelor of Arts in Linguistics, Ms. del Val also holds her Bachelor of Laws from the University of British Columbia.

Ms. del Val is the former Regional Commissioner representing the regions of British Columbia and the Yukon for the Canadian Radio-television and Telecommunications Commission (CRTC). Immediately before her appointment, she practiced law with the Vancouver firm of Koffman Kalef. Prior to that, Ms. del Val was Senior Counsel at BC TEL and an Associate at Bull Housser & Tupper. Committed to community service, Ms. del Val served as a Director Vancouver´s Chinese Cultural Centre, a Director of S.U.C.C.E.S.S. (United Chinese Community Enrichment Services Society), Treasurer of St. Pius X School Education Committee, and a Director of Wen Wei Dance Society. She currently serves as a member of the Health Professions Review Board and the Financial Institutions Commission of British Columbia

For more details on the commission visit out commission members page.