Office of the Superintendent of Financial Institutions
The Financial Services Regulatory Authority of Ontario (FSRA) and the Office of the Superintendent of Financial Institutions (OSFI) have established the Technical Advisory Committee for the review of defined contribution (DC) plans.
The committee will review the regulatory approaches of both regulators to supervising DC plans and, where possible, will find opportunities for regulatory harmonization.
Through this collaboration, FSRA and OSFI will work towards improving outcomes for plan members. The committee will also focus on enhancing regulatory efficiency and effectiveness for DC plans.
The Technical Advisory Committee will meet frequently over a four to six-month period and will be dissolved once the work is completed.