Draft Guidelines E-19 ORSA and A-4 Regulatory Capital and Internal Capital Targets and Draft Key Metrics Report

OSFI is issuing for comment draft revised versions of its guidelines on Own Risk and Solvency Assessment (ORSA) and Regulatory Capital and Internal Capital Targets, its Key Metrics Report (KMR) and KMR instructions, effective January 1, 2018. The guidance documents are receiving consequential amendments largely as a result of the upcoming implementation of the 2018 Life Insurance Capital Adequacy Test and to improve overall clarity for Life and Property & Casualty insurers. OSFI is accepting comments on the proposed changes until August 18, 2017.