Deferral of IFRS 9 Application for Federally Regulated Life Insurers

OSFI is issuing the final version of its advisory: Deferral of IFRS 9 Application for Federally Regulated Life Insurers. The advisory is in response to the September 2016 International Accounting Standards Board (IASB) approved amendment to the International Financial Reporting Standard (IFRS) 4 Insurance Contracts allowing companies whose activities are predominantly connected with insurance to defer the application of IFRS 9 Financial Instruments until January 1, 2021.