The Financial Institutions Commission of British Columbia has appointed Michael Peters as acting superintendent of pensions as part of an interim leadership team.
The regulatory body is working with the province’s Ministry of Finance to fill key leadership roles as it develops a new operating structure for real estate regulation in the province, according to a press release.
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Peters has been with the regulator since 1994 and was the deputy superintendent of pensions since 2004. In the role, he was responsible for operational and strategic policies related to the administration and enforcement of the Pension Benefits Standards Act, and for the development and implementation of a risk-based regulatory framework for oversight of pension plans.
In the new interim role, Peters is joined by Frank Chong, acting superintendent of financial institutions and acting chief executive officer of the Credit Union Deposit Insurance Corporation, and Tara Richards, interim chief executive officer of the Financial Institutions Commission.