OSFI publishes guidelines, which are essentially best or prudent practices, that it expects financial institutions to follow. Guidelines are used to set standards to govern industry activities and behaviour. These include solvency standards (capital adequacy), prudential standards (large exposure limits, portfolio mix), and accounting standards (e.g., non-accrual loans, transfer of assets, etc.).
In 2002, a letter was sent to guideline manual holders, FRFIs, industry associations and provincial superintendents, explaining that paper-based notification of guidelines will be discontinued and invites users to become subscribers.
Guidelines B-8, B-12 and B-3 for reinsurance are now located under the heading Sound Business and Financial Practices
Guideline E-1 is now located under Other Application Guides
Guidelines E-2, E-2A and E-6 are now located under Prudential Limits and Restrictions
Guidelines E-4, E-5, E-10, E-12, E-13, E-14 and E-15 are now located under Sound Business and Financial Practices
For further information about our publications, or to order printed copies, please contact:
Office of the Superintendent of Financial Institutions
255 Albert St. 12th floor
Ottawa, Ontario CANADA K1A 0H2
Tel: (613) 990-7788
Fax: (613) 952-8219