Regulatory Framework

ATB Financial became a provincial Crown corporation on October 8, 1997, under the authority of the Alberta Treasury Branches Act, Chapter A-37.9, 1997 and Treasury Branches Regulation 187/97 (the "ATB Act" and "ATB Regulation," respectively).

As Crown corporations, ATB and its subsidiaries operate under a regulatory framework established pursuant to the provisions of the ATB Act and ATB Regulation. The legislation was modelled on the statutes and regulations governing other Canadian financial institutions and is updated periodically. The Alberta Minister of Finance has also approved a number of guidelines similar to those issued by the Office of the Superintendent of Financial Institutions that supervises federally regulated deposit-taking institutions. A Memorandum of Understanding between the Minister of Finance and ATB Financial provides policy guidance to ATB in conducting its affairs further to the statutes and regulations governing ATB. ATB also operates within the framework of other Alberta provincial legislation affecting the operations of provincial Crown corporations and providing for consumer protection and privacy. Subsidiaries that provide investor services are also subject to regulatory oversight by the Mutual Fund Dealers Association of Canada, the Investment Dealers Association of Canada, or the Alberta Securities Commission.

In addition to the Act and Regulation, the Alberta Superintendent of Financial Institutions, on behalf of the Minister of Finance, has issued six guidelines and one related ministerial order, concerning:

• Capital Adequacy
• Ministerial Order on Capital Adequacy
• Derivatives Best Practices
• Legislative Compliance Management System
• Liquidity
• Outsourcing
• Prudent Person Rule

For more information, call 1-800-332-8383, or visit any branch of ATB Financial. To locate the branch nearest to you, please use our Branch Locator.

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