Regulatory and Legislative Advisories

Advisories clarify OSFI's position regarding certain policy issues or describe how OSFI administers and interprets provisions of existing federal financial legislation, regulations or guidelines. They are not generally based on specific circumstances pertaining to a particular transaction or type of transaction. Federal financial institutions are expected to consider the relevance of these advisories to their own particular circumstances and to take appropriate action, if needed. Advisories are evolving documents and therefore may require revision from time to time. Revised Advisories will be identified with an "R" placed at the end of the number, and a revision date.

Questions or comments regarding these Advisories may be directed to the Legislation and Approvals Division.

No. Subject BA TLCA ICA CCAA
2015-01 Substantial Investments 464-484, 925-948 449-472 490-514, 550-570.001, 656, 966-991 386 - 408
2013-01 Business and Powers – Ownership Interests in Commodities 409, 410 409, 410 440, 441 375, 376
2008-01 Undertaking for the sharing of information with insurers 416, 549 416   381
2007-02 Control in Fact Paragraph 3(1)(d) Paragraph 3(1)(d) Paragraph 3(1)(d) Paragraph 3(1)(e)
2007-01-R1 Insurance in Canada of Risks     Part XIII  
2007-01 (superseded) Insurance in Canada of Risks     Part XIII  
2006-01-R1 Legislative Framework for Foreign Banks Part XII and Part XII.01      
2003-04-R1 Capital Structure - Declaration and payment of dividends 79, 722 82 761 86
2003-01 Business and Powers - Commercial lending limit   462 504, 980 399
2002-02 Business and Powers – Information respecting a customer Section 6 of the Insurance Business (Authorized Foreign Banks) Regulations Section 8 of the Insurance Business (Banks) Regulations Section 8 of the Insurance Business (Trust and Loan Companies) Regulations    
2002-01-R1 Corporate Names, Registered Names and Trade Names 40, 42(2), 693, 696(4) 41, 44(3) 42, 44(3), 730, 733(4) 35, 38(3)

Removed Advisories

2003-03-R1 Self-dealing – Asset transactions in restructuring

As a result of revisions to “Transaction Instruction DA No. 22 - Related party asset transactions as part of a restructuring”, this document is no longer relevant and has therefore been removed from OSFI’s website.


2003-02 Investments - Large asset transactions

As a result of revisions to “Transaction Instruction DA No. 18 - Asset Transactions Greater than 10% of Assets”, this document is no longer relevant and has therefore been removed from OSFI’s website.


2003-05  Substantial Investments – Banks and bank holding companies
2003-06  Substantial Investments – Insurance companies and insurance holding companies
2003-07  Substantial Investments – Trust and loan companies
2003-08  Substantial Investments – Fraternal benefit societies

Since these documents have been superseded by “Advisory 2015-01 – Substantial Investments”, they have been removed from OSFI’s website.