Transaction instructions for applications subject to the deemed approval process

With respect to the following transactions, the superintendent is required to make a decision within thirty days of a complete application, subject to certain exceptions

Index of Transactions

DA No. Type of Transaction BA sections TLCA sections ICA sections CCAA sections
1 Issuance of shares in consideration of property
  • 65
    79.1
  • 709
 68
  • 69
  • 748
 74
2 Purchase or redemption of shares
  • 71
  • 715
 74
  • 75
  • 754
 79
3 Materiality criteria for an RE or its subsidiaries to hold shares or ownership interests in an RE or an RE’s controlling entity
  • 72
  • 716
 75
  • 76
  • 755
 80
4 Reduction of stated capital
  • 75
  • 718
 78
  • 79
  • 757
 82
5 Large dividends As a result of amendments to the FRFI legislation that came into force in 2007, this document is no longer relevant and has therefore been removed from OSFI’s website.
6 Issuance of subordinated debt in consideration of property
  • 80
  • 723
 83
  • 84
  • 762
 87
7 Exemption from requirements for solicitation of proxies by dissidents
  • 156.05
  • 746
 160.05
  • 164.04
  • 789
 166.05
8 Rectification of non-compliance regarding appointment of board of directors
  • 170
  • 758
 174
  • 178
  • 805
 177
9 Change of name - by law
  • 217
  • 802
 222
  • 238
  • 544.1
  • 851
 221
10 Exemption to maintain and process outside Canada information or data As a result of amendments to the FRFI legislation that came into force in 2007, this document is no longer relevant and has therefore been removed from OSFI’s website.    
11 Exemption from restriction on being a partner in a partnership
  • 421
  • 553.1
  • 924
 421
  • 472
  • 542.09
  • 964
 385
12 Transfer of seed money from segregated funds As a result of amendments to the FRFI legislation that came into force in 2007, this document is no longer relevant and has therefore been removed from OSFI’s website.      
13 Substantial Investment Requiring Superintendent Approval
  • 468(6)
  • 930(6)
 453(6)
  • 495(8)
  • 971(6)
 385
14 Giving up control of an entity while keeping a substantial investment
  • 468(11)
  • 930(11)
 453(10)
  • 495(12)
  • 970(10)
 390(10)
15 Extension of holding period for a temporary investment
  • 471(1),(2),(3),(5)
  • 933(1),(2),(4)
 456(1),(2),(3),(5)
  • 498(1),(2),(3),(5)
  • 557(1),(2),(3),(5)
  • 974(1),(2),(4)
 393(1),(2),(3),(5)
16 Extension of divestiture period for the control of or holding of a substantial investment in, an entity obtained as a result of a loan default
  • 472(4)
  • 934(3)
 457(4)
  • 499(4)
  • 558(4)
  • 975(3)
 394(4)
17 Extension of divestiture period for the control of or substantial investment in an entity obtained through realization of a security interest
  • 473(4)
  • 953(3)
 457(4)
  • 500(4)
  • 559(4)
  • 976(3)
 395(4)
18 Asset transactions greater than 10% of assets
  • 482
  • 944
 470
  • 512
  • 569
  • 987
 406
19 Exemption from self-dealing provisions disallowing issuance of shares of FI in exchange for shares of another body corporate 487(2)(a)(vi) 475(2)(b)(vi) 519(2)(b)(vi) 411(2)(a)(iv)
20 Related party transactions of nominal value 490 478 522 414
21 Reinsurance with a Related Party  
  • 523
  • 597
22 Related-party asset transactions in a restructuring 494(4) 482(4) 527(4) 418(3.1)
23 Related-party asset transactions with a financial institution 494 482 527 418
24 Acquisition or disposal of assets exceeding 5% of a FI’s assets, to/from a widely held bank or insurance holding company or a subsidiary of the holding company that is related to FI 495.3 483.3 528.3