Office of the Superintendent of Financial Institutions
BCAR Short Form comprises a subset of schedules from the full BCAR return. In order to qualify for completing BCAR Short Form, an institution must meet the following three criteria:
N.B. Even when these conditions are met, under certain circumstances, OSFI may require filing of the full BCAR.
BCAR Short Form is limited to the following schedules from the full BCAR return:
Qualifying institutions that opt for filing BCAR Short Form should notify OSFI at least 30 days in advance of their first BCAR Short Form filing. Notification should be sent to Returns Administration, Regulatory Data Management (firstname.lastname@example.org) and to the lead supervisor for the institution’s parent. Note that if an institution opts to file BCAR Short Form, it should not submit data in respect of any BCAR schedules other than those listed above.
N.B. Institutions completing BCAR Short Form must be able to provide OSFI with supporting information, on an as-requested basis, at a level of detail comparable but not necessarily identical to that contained in the schedules of full BCAR.