Transaction instructions for applications not subject to the deemed approval process

Transaction Instructions set out the information that applicants are generally expected to provide in support of applications for a regulatory approval. They also provide guidance on factors that OSFI takes into account in assessing applications. They are intended to make the application process more transparent and to improve the timeliness of the application process.

Index of Transactions

A No. Type of Transaction BA sections TLCA sections ICA sections CCAA sections
1 Amending an Order to Commence and Carry on Business to Add or Delete a Class of Insurance (Canadian Company) 59
2 Amending an Order to Insure in Canada Risks to Add or Delete a Class of Insurance (Foreign Company) 586
3 Transaction Instructions – Part XII: Approval to have a financial establishment in Canada 522.21(1) 522.21(1)
4 Establishment of Branch by Foreign Insurer Order to Insure in Canada Risks 574
5 Change of Name - Letters Patent 216 221 225 220
6 Change of Name - Foreign Entity 528 576
7.1 Part XII: Acquisition of control of a provincially regulated financial institution or other financial intermediary 522.22(1)(a)(b)
7.2 Part XII: Acquisition of control of, or a substantial investment in, a non-financial services entity 522.22(1)(c)(d)(d.1)(e)
7.3 Part XII: Establishment of a branch of a cooperative credit society, securities dealer or investment counselling and portfolio management service provider 522.22(1)(f)
7.4 Part XII: Acquisition of control of, or a substantial investment in, a limited commercial entity 522.22(1)(g)
7.5 Part XII: Establishment of a limited commercial branch 522.22(1)(h)
7.6 Part XII: Establishment, maintenance or acquisition for use in Canada of automated banking machines 522.22(1)(i)
8 Substantial Investment Requiring Minister’s Approval
  • 468(5)
  • 930(5)
 453(5)
  • 495(7)
  • 554(5)
  • 971(5)
 390(5)
9 Termination of Insurance Business in Canada of Foreign Insurance Companies
  • 650
  • 651
  • 654
9.1 Termination of Business in Canada of an Authorized Foreign Bank 599
10 Sale of all or Substantially all Assets by Deposit-taking Institutions 236 241   233.5
10.1 Reinsurance on an assumption basis ("Assumption Reinsurance")    

254
587.1        

 
11 Voluntary Liquidation and Dissolution
  • 342 to
    346
  • 869
 347 to 351
  • 380 to 384
  • 570.04 to 570.08
  • 920 to 924
 326 to 330
12 Amalgamations
  • 225
  • 229
  • 805
  • 809
  • 230
  • 234
  • 247
  • 251
  • 859
  • 863
  • 228
  • 232
13 Continuation of a Body Corporate 35 33 34 31.3
14 Discontinuance – Continuance under the Canada Business Corporations Act or the Canada Not-for-Profit Corporations Act 39.1 to
39.2		 38
  • 39
 32
15 Extension of Divestiture Period for Control or Holding a Substantial Investment by a Foreign Bank or Entity Associated With a Foreign Bank Obtained as a Result of Realization of a Security Interest or a Loan Default
  • 522.15(2)
  • 522.15(3)
16 Extension of Divestiture Period for Control or Holding of a Substantial Investment Obtained as a Result of a Loan Default - Minister's Approval
  • 472(7)
  • 934(4)
 457(7)
  • 499(7)
  • 558(7)
  • 975(6)
 394(7)
17 Extension of Divestiture Period for Control or the Holding of a Substantial Investment Obtained Through the Realization of a Security Interest - Minister's Approval
  • 473(5)
  • 935(4)
 458(5)
  • 500(5)
  • 559(5)
  • 976(4)
 395(4)
18 Extension of Holding Period of Temporary Investments - Minister's Approval
  • 471(4)
  • 933(3)
 456(4)
  • 498(4)
  • 557(4)
  • 974(3)
 393(4)
19 Extension of the Holding Period of a Temporary Investment of a Foreign Bank or an Entity Associated with a Foreign Bank
  • 522.14(2)
  • 522.14(3)
  • 522.14(4)(a)
20 Name Reservation
  • 43
  • 697
 45
  • 45
  • 734
 39
21 Use of Substantially the Same Name as that of an Affiliate As a result of amendments to the FRFI legislation that came into force in 2007, this document is no longer relevant and has therefore been removed from OSFI’s website.
22 Giving up control in fact of an entity while maintaining another type of control
  • 468(10)
  • 930(10)
 453(9)
  • 495(11)
  • 971(9)
 390(9)
23 Acquisition of a Significant Interest and/or Acquisition of Legal Control of a FRE
  • 373(1)
  • 377.1(1)
  • 395
  • 875(1)
  • 883(1)
  • 905
  • 375(1)
  • 375.1(1)
  • 387
  • 407(1)
  • 407.1(1)
  • 419
  • 927(1)
  • 932(1)
  • 946
  • 354(1)
  • 354.1(1)
  • 358