The following Dispute Resolution bodies can provide you with a further review of your complaint or claim for compensation. Regulatory bodies and agencies provide alternative sources of consumer information and have offices that review and handle specific complaints concerning violations of covered laws and rules.
You may submit your unresolved concern directly to ADR Chambers Banking Ombuds Office (ADRBO), if:
You have up to 180 calendar days to submit your complaint to the ADRBO after receiving a final response from RBC, or if 56 calendar days have passed since your complaint was made.
ADRBO is an industry ombudsman that operates independently from the participating banks. Its services are free of charge to those making the complaint. ADRBO is regulated as an External Complaints Body by the Financial Consumer Agency of Canada.
ADR Chambers Banking Ombuds Office
31 Adelaide Street East
PO Box 1006
Toronto ON M5C 2K4
Toll-free telephone: 1-800-941-3655
Toll-free fax: 1-877-803-5127
www.bankingombuds.ca(opens to external site)
You may escalate an investment complaint directly to the OBSI without going to the RBC Ombudsman if you do not receive a final response to your complaint within 90 calendar days or if you are not satisfied with the outcome or examination of your complaint. You have up to 180 days after receiving a final response to submit your complaint to the OBSI. The OBSI is a free, independent service for resolving investment disputes impartially and can recommend compensation of up to $350,000.
Ombudsman for Banking Services and Investments (OBSI)
20 Queen Street West, Suite 2400
PO Box 8
Toronto ON M5H 3R3
Toll-free telephone: 1-888-451-4519
Toll-free fax: 1-888-422-2865
www.obsi.ca(opens to external site)
You may also contact the applicable securities regulators. Please refer to “Regulatory bodies and other resources” section for further information.
You may also pursue legal action and seek independent legal counsel to advise you on your options and recourses including information regarding the applicable limitation periods in your province/territory.
OmbudService for Life & Health Insurance
20 Adelaide St. East, Suite 802
P.O. Box 29
Toronto ON M5C 2T6
Attention: General Manager
Telephone (Toronto): 416-777-9002
Telephone (Montreal): 514-282-2088
www.olhi.ca(opens to external site)
General Insurance OmbudService (GIO)
4711 Yonge Street, 10th Floor
Toronto ON M2N 6K8
www.giocanada.org(opens to external site)
The services of all Ombudsman investigations are provided to you at no cost.
PO Box 7500, Station A
Toronto ON M5W 1P9
If you are still not satisfied with the outcome or examination of your privacy complaint, you can contact the Office of the Privacy Commissioner of Canada. The Office of the Privacy Commissioner of Canada investigates complaints concerning the Personal Information Protection and Electronic Documents Act. Complaints to the Office of the Privacy Commissioner must be submitted in writing:
Office of the Privacy Commissioner of Canada
30 Victoria Street
Gatineau QC K1A 1H3
For general privacy inquiries and additional information about personal information-handling practices, you can contact the Office of the Privacy Commissioner of Canada in any of the following ways:
www.priv.gc.ca(opens to external site)
Regulatory bodies and agencies provide alternative sources of consumer information and have offices that handle specific complaints.
The Financial Consumer Agency of Canada supervises all federally regulated financial institutions for compliance with federal consumer protection laws. While the FCAC does not resolve individual customer complaints, if you believe that your complaint relates to a violation of a federal consumer protection law, you may submit your complaint to:
Financial Consumer Agency of Canada,
Enterprise Building, 6th Floor,
427 Laurier Avenue West,
Ottawa, ON K1R 1B9.
www.fcac-acfc.gc.ca(External site for RBC opens in new window)
In Quebec, the Autorité des marchés financiers (AMF) is the regulatory body charged with administering the regulatory framework and providing review and mediation services.
If you reside in Quebec and you are not satisfied with the outcome or with the examination of the complaint related to investment, estate and trust, financial planning or insurance services, you may request that your complaint file be transferred to the AMF at any time. Following the transfer, the AMF will examine the file and, if deemed appropriate, may offer dispute resolution services.
Autorité des marchés financiers
Place de la Cité, Tour Cominar
2640 Laurier Boulevard, Suite 400
Quebec QC G1V 5C1
In Saskatchewan, the Superintendent of Insurance and Real Estate Division of the FCAA is charged with regulating financial products and service providers.
Financial and Consumer Affairs Authority of Saskatchewan
1919 Saskatchewan Drive, Suite 601
Regina SK S4P 4H2
The Investment Industry Regulatory Organization of Canada (IIROC) is responsible for overseeing all investment dealers and trading activity in Canadian debt and equity marketplaces. Member firms agree to abide by all relevant bylaws, rules and regulations of the IIROC, and are subject to ongoing supervision. IIROC sets regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.
Investment Industry Regulatory Organization of Canada
121 King Street West, Suite 2000
Toronto ON M5H 3T9
www.iiroc.ca(opens to external site)
In addition to the regular IIROC complaint process, arbitration is another option. For arbitration services, contact the appropriate arbitrator for your area as shown in the chart below.
|All jurisdictions except Quebec||Quebec|
adrchambers.com/ca(opens to external site)
Canadian Commercial Arbitration Centre
www.ccac-adr.org/en/(opens to external site)
The Mutual Fund Dealers Association of Canada (MFDA) is the national self-regulatory organization (SRO) for the distribution side of the Canadian mutual fund industry. As an SRO, the MFDA is responsible for regulating the operations, standards of practice and business conduct of its members and their representatives to enhance investor protection and strengthen public confidence in the Canadian mutual fund industry. The MFDA operates in all provinces and territories in Canada except Quebec.
The Canadian banking industry has developed several voluntary commitments and codes, designed to protect consumers and serve them better.
Copies or additional information about the voluntary commitments and codes are available on our website at www.rbc.com.