Advisories clarify OSFI's position regarding certain policy issues or describe how OSFI administers and interprets provisions of existing federal financial legislation, regulations or guidelines. They are not generally based on specific circumstances pertaining to a particular transaction or type of transaction. Federal financial institutions are expected to consider the relevance of these advisories to their own particular circumstances and to take appropriate action, if needed. Advisories are evolving documents and therefore may require revision from time to time. Revised advisories will be identified with an "R" placed at the end of the number, and a revision date.
Questions or comments regarding these Advisories may be directed to the Regulatory Affairs Division.
| No. | Subject |
BA |
TLCA |
ICA |
CCAA |
|---|
|
2022-01 |
Increase of regulatory prudential limits related to investment, lending and borrowing for all Canadian Property and Casualty Federally Regulated Insurance Companies | n/a | n/a | Subsection 1016.61(1) and other provisions | n/a |
|
2020-03 |
Control in Fact | Paragraph 3(1)(d) | Paragraph 3(1)(d) | Paragraph 3(1)(d) | n/a |
|
2020-02 |
Corporate Names, Registered Names and Trade Names | 40 and other provisions | 41 and other provisions | 42 and other provisions | n/a |
|
2020-01 |
Mergers Involving Foreign Entities | Parts XII and XII.1 | n/a | Part XIII | n/a |
|
2017-01 |
Restrictions on the use of the words “bank”, “banker” and “banking” | 983 | n/a | n/a | n/a |
|
2015-01 |
Substantial Investments | 464-484, 925-948 | 449-472 | 490-514, 550-570.001, 656, 966-991 | 386 - 408 |
|
2013-01 |
Business and Powers – Ownership Interests in Commodities | 409, 410 | 409, 410 | 440, 441 | 375, 376 |
|
2008-01 |
Undertaking for the sharing of information with insurers | 416, 549 | 416 | n/a | 381 |
|
2007-01-R1 |
Insurance in Canada of Risks | n/a | n/a | Part XIII | n/a |
|
2007-01 (superseded) |
Insurance in Canada of Risks | n/a | n/a | Part XIII | n/a |
|
2006-01-R1 |
Legislative Framework for Foreign Banks | Part XII and Part XII.01 | n/a | n/a | n/a |
|
2003-04-R1 |
Capital Structure - Declaration and payment of dividends | 79, 722 | 82 | 761 | 86 |
|
2003-01 |
Business and Powers - Commercial lending limit | n/a | 462 | 504, 980 | 399 |
|
2002-02 |
Business and Powers – Information respecting a customer | Section 6 of the
Insurance Business (Authorized Foreign Banks) Regulations Section 8 of the
Insurance Business (Banks) Regulations | Section 8 of the
Insurance Business (Trust and Loan Companies) Regulations | n/a | n/a |
Removed advisories
2003-03-R1 Self-dealing – Asset transactions in restructuring
As a result of revisions to “Transaction Instruction DA No. 22 - Related party asset transactions as part of a restructuring”, this document is no longer relevant and has therefore been removed from OSFI’s website.
2003-02 Investments - Large asset transactions
As a result of revisions to “Transaction Instruction DA No. 18 - Asset Transactions Greater than 10% of Assets”, this document is no longer relevant and has therefore been removed from OSFI’s website.
2003-05 Substantial Investments – Banks and bank holding companies
2003-06 Substantial Investments – Insurance companies and insurance holding companies
2003-07 Substantial Investments – Trust and loan companies
2003-08 Substantial Investments – Fraternal benefit societies
Since these documents have been superseded by “Advisory 2015-01 – Substantial Investments”, they have been removed from OSFI’s website.
2007-02 Control in Fact
Since this document has been superseded by “Advisory 2020-03 - Control in Fact”, it has been removed from OSFI’s website.
2002-01-R1 Corporate Names, Registered Names and Trade Names
Since this document has been superseded by “Advisory 2020-02 - Corporate Names, Registered Names and Trade Names”, it has been removed from OSFI’s website.