Agencies

Accountable to the President of Treasury Board and Minister of Finance

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Agencies are established by the provincial government to fulfill a range of services and functions.  Agencies are directly responsible to a minister and along with the related department, form the ministry.

For the purposes of the Public Agencies Governance Framework, an agency is a board, commission, tribunal or other organization:

  • established by government but not part of a government department;
  • that has been given responsibility to perform a public function;
  • that is accountable to government;
  • that has some degree of autonomy from government; and
  • for which the government holds the primary power of appointment.

The Alberta Public Agencies Governance Act (APAGA)  requires that all public agencies have Mandate and Roles and Code of Conduct documents available to the public.  For more information about public agencies, please visit the Government of Alberta Agency Governance Secretariat website.

The agencies as defined by the APAGA which are accountable to the Minister of Finance are as follows.  Click on the links below to view a description of the agency, and access their Mandate and Roles and Code of Conduct documents (which will be added as they become available).

 

Automobile Insurance Rate Board (AIRB)

The Automobile Insurance Rate Board is a key component of the reforms to the auto insurance system.

The mandate of the board is to set premiums for basic coverage, monitor premiums for optional coverage and review and approve rating programs for new insurers entering the Alberta market.

The board annually sets the maximum premiums for basic coverage that all insurers can charge.

Click here for the AIRB's Mandate and Roles and Code of Conduct, and visit AIRB's website for more information.

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Alberta Capital Finance Authority (ACFA)

The Alberta Capital Finance Authority (ACFA) is a provincial authority and acts only as an agent of the Alberta crown. Its business is to provide local entities with financing for capital projects. ACFA is able to borrow in capital markets at interest rates which would not be available to local authorities acting independently.  ACFA makes loans to Alberta municipalities, school boards and other local entities at interest rates based on the cost of its borrowings.

Click here for the ACFA's Mandate and Roles and Code of Conduct, and visit ACFA's website for more information.

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Alberta Gaming and Liquor Commission (AGLC)

The AGLC’s role is to administer the Gaming and Liquor Act, Regulation and related policy. The AGLC is responsible for regulating Alberta’s charitable gaming activities and conducting and managing provincial gaming activities. It also controls the manufacture, importation, sale, purchase, possession, storage, transportation, use and consumption of liquor in Alberta.

Please visit the AGLC website for more information.

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Alberta Investment Management Corporation (AIMCo)

Alberta Investment Management Corporation (AIMCo) became a Crown corporation on January 1, 2008, and is one of Canada’s largest and most diversified institutional investment fund managers, with an investment portfolio of approximately $71 billion. They invest globally on behalf of their clients, 26 pension, endowment and government funds in the Province of Alberta.

Please visit the AIMCo website for more information. Click here for the Code of Conduct.

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Alberta Pensions Services Corporation (APS)

Alberta Pensions Services Corporation (APS) is a Crown Corporation incorporated in 1995 under the Business Corporations Act of Alberta. APS is responsible for administering seven statutory pension plans under the direction of four pension boards and the Government of Alberta, as well as two supplementary retirement plans.

APS administers these pension plans:

Visit APS' website for more information.

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Alberta Securities Commission

The Alberta Securities Commission (ASC) regulates the capital market in Alberta and balances the interests of investors, issuers and persons registered to sell securities. It administers the Alberta Securities Act, which facilitates a fair and efficient capital market. The securities regulatory system is based on two fundamental principles:

  • To provide investors with full, true and plain disclosure so that they can make informed investment decisions.
  • Confidence in the integrity of the capital market must be maintained. Confidence in the capital market stems partly from confidence in the securities regulatory system. ASC plays a key role in maintaining confidence in the capital market in Alberta.

Click here to access the ASC's Mandate and Roles document.  For more information, visit the ASC website.

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Alberta Teachers' Retirement Fund (ATRF)

The Alberta Teachers' Retirement Fund Board (ATRF) is an independent corporation established under the Teachers' Pension Plans Act.  ATRF has administered a pension plan for Alberta teachers since 1939.

From its office in Edmonton, ATRF administers the Teachers' Pension Plan for all Alberta teachers employed in school jurisdictions and charter schools. ATRF also administers the Private School Teachers' Pension Plan for teachers employed by those private schools in Alberta that have elected to join the plan. The plans are defined benefit plans partially indexed to inflation.

For more information, visit the ATRF website.

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Alberta Treasury Branches (ATB Financial)

Alberta Treasury Branches (ATB Financial) is a leading, full-service financial institution headquartered in Edmonton, Alberta.  With assets of $26.5 billion, ATB is the largest Alberta-based financial institution.  ATB Financial was established in 1938 and has been a provincial Crown corporation since 1997.

ATB is a leading financial services provider, serving over 670,000 Albertans in 242 communities through 165 branches, 131 agencies, and a Customer Contact Centre.  Services are also available through Automated Banking Machines (ABMs) across Alberta, Internet and Telephone.

Click here for ATB Financial's Mandate and Roles, and visit the ATB Financial website for more information.

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Credit Union Deposit Guarantee Corporation (CUDGC)

CUDGC guarantees deposits held with credit unions in Alberta. That means if, for some reason, a credit union cannot return a customer's deposit, CUDGC ensures repayment of that deposit.

As well, CUDGC maintains the unclaimed deposits of people who cannot be located by the credit union.

CUDGC also assists, advises and, on occasion, directs credit unions to ensure that credit unions use sound business practices.

CUDGC monitors and regulates credit union performance by conducting examinations and working closely with credit unions on improving the regulatory environment of the credit union system. It also provides loan review and approval for certain credit union loans.

Click here for the CUDGC Mandate and Roles and Code of Conduct, and visit the CUDGC website for more information.

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Locked-in Account Advisory Committee (LAAC)

Created under section 7 of the Government Organization Act, the Locked-in Account Advisory Committee (LAAC) is an advisory agency accountable to the Minister of Finance, and responsible for providing advice and guidance regarding applicants to the Superintendent of Pensions requesing access to locked-in accounts for reasons of financial hardship.

Click here for the Locked-in Account Advisory Committee Mandate and Roles, Ministerial Order and Terms of Reference and Code of Conduct.

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Page last updated:  May 12, 2012