Financial Consumer Agency of Canada Act

Marginal note:Minister’s direction

• 5.1 (1) The Minister may give a written direction to the Agency if he or she is of the opinion that it can strengthen consumer protection and the public’s confidence in that protection or enhance the financial literacy of Canadians.

• Marginal note:Notification of implementation

  (2) After implementing the direction, the Commissioner shall notify the Minister without delay that the direction has been implemented.

• Marginal note:Best interests

  (3) Compliance by the Agency with a direction is deemed to be in its best interests.

• Marginal note:Statutory Instruments Act

  (4) The Statutory Instruments Act does not apply to a direction given under subsection (1).

• Marginal note:Publication

  (5) The Minister shall cause a notice to be published in the Canada Gazette that a direction was given under subsection (1) as soon as is feasible after the direction is implemented.