Definition
The BCSC administers and enforces the Securities Act (British Columbia) and related legislation, including the Business Corporations Act in relation to securities matters. It is a CSA member regulator and is the principal regulator for registrants whose principal office is in BC. The BCSC has been a leader in securities regulation innovation in Canada, notably in the exempt market and registration exemption areas. The BCSC operates as an independent Crown agency accountable to the BC Legislature. Its quasi-judicial tribunal can impose sanctions including trading bans, fines, and disgorgement orders. Registrants conducting business with clients in BC must comply with BCSC-adopted rules, which include BCSC-adopted National Instruments and any BC-specific instruments. For most large investment dealers with a principal office in Ontario or another province, the OSC is the principal regulator, but the dealer must still comply with BCSC rules when dealing with BC clients.
Source
Securities Act (British Columbia); bcsc.bc.ca