Which regulatory body oversees mortgage professionals in British Columbia?

The appropriate regulatory body overseeing mortgage professionals in British Columbia is the Financial Institutions Commission of British Columbia (FICOM). This agency is responsible for the regulation and supervision of financial institutions, credit unions, and mortgage brokers in the province. FICOM ensures that mortgage professionals adhere to compliance standards, protect consumer rights, and maintain the integrity of the financial system in British Columbia.

The other options do not serve the specific role of regulating mortgage professionals. The British Columbia Securities Commission primarily oversees securities trading and investment firms, focusing on protecting investors in the capital markets. The Mortgage Brokers Association of British Columbia is a trade association that represents the interests of mortgage brokers but does not hold regulatory authority. The British Columbia Financial Services Authority was established to replace FICOM and wrapped around regulatory functions, but as of the time in question, FICOM was still recognized for overseeing mortgage professionals specifically.