The BC Co-op Association is engaged year-round in advocacy and lobbying efforts. We also lead key initiatives to address large-scale issues and aim to find solutions that will benefit all co-op sector players.
CURRENT INITIATIVE: Investment Co-op Regulation Changes
Investment co-ops and co-ops that offer investment shares (such as working co-ops) are governed by strict BC Government Securities Commission policies and exceptions.
These exceptions limit:
- How much membership shares can cost in total per member ($5,000 max)
- The number of members obtaining shares (150 members max)
- When they can invest (a co-op member must wait 12 months from the time they become a member before they can purchase shares)
While these exceptions were put in place to lower the co-op investment risk for members/investors, they ultimately limit an investment co-op’s ability to increase capital beyond $750,000, and they slow down the potential for timely returns on investment.
The BC Co-op Association (BCCA) is working with other groups in the community investment sector to advocate for policy changes to increase these figures. These changes will double the potential investment of capital for investment co-ops and bring capital into a co-op much faster. What we’re advocating for:
- A membership share cost increase from $5,000 to $10,000
- An increase in the number of members, from 150 to 200
- Removal of the 12-month waiting period for new members to invest
We’re actively engaged in this advocacy initiative. Stay tuned to this page for updates.
recent Initiative: BC Election Lobbying
The BCCA launched a campaign in April 2017, leading up to the BC provincial election, to raise awareness of co-ops amongst elected and public officials.
We created a lobbying document for co-ops and co-op supporters to send to Members of the Legislative Assembly (MLAs), local politicians and candidates running in the election, or to share amongst their communities, and start a dialogue about their vision for co-ops in BC.
This lobbying initiative was aligned with our ongoing government relations efforts, and information is being collected to gauge the campaign’s impact.
For more information and to get involved, contact us.