What is the role of the Office of the Privacy Commissioner of Canada in financial regulation?

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What is the role of the Office of the Privacy Commissioner of Canada in financial regulation?

The Office of the Privacy Commissioner of Canada does not have a direct role in financial regulation. Its primary responsibility is to oversee and enforce compliance with the Personal Information Protection and Electronic Documents Act (PIPEDA), which is a federal privacy law in Canada. The Office ensures that organizations handle personal information in a manner that respects individuals' privacy rights. While financial institutions are subject to PIPEDA, the Office's focus is on privacy protection rather than financial regulation.