CRSTL helps trust and loan companies comply with the laws, regulations and guidelines that govern their businesses in Canada. Our solutions include the requirements under the Trust and Loan Companies Act and corresponding regulations, the guidelines, advisories and bulletins issued by the Office of the Superintendent of Financial Institutions ("OSFI"), and provincial and territorial legislation governing market conduct for trust and loan companies
Unlike banks, trust companies can be incorporated and regulated at either the federal or the provincial level. However, only trust companies are allowed to provide trustee functions. And while banks have full commercial lending powers, trust companies must have more than $25 million of regulatory capital to receive full lending powers with the approval of OSFI.To see the cost benefits of using CRSTL's legal databases and workflow solution, take a moment to calculate your Return On Investment with our ROI Calculator.