Office of the Superintendent of Financial Institutions
In February 2015, the Office of the Superintendent of Financial Institutions (OSFI) conducted a targeted, online consultation with a small number of pension industry professionals who regularly request interpretations relating to the Pension Benefits Standards Regulations (PBSR). Twenty professionals were invited to provide their feedback on OSFI’s current regulation interpretation practices and processes, and to identify any areas for improvement. Just over half of those invited to participate completed the questionnaire.
The overall results of the consultation are positive and have helped OSFI to identify areas for improvement. OSFI appreciates the feedback received and will be taking the following steps to maintain or enhance current practices:
Created in 1987 by an Act of Parliament, OSFI is the primary regulator and supervisor of federally regulated deposit-taking institutions, insurance companies, and federally regulated private pension plans. OSFI's mandate is to advance and administer a regulatory framework that contributes to public confidence in a strong, stable and competitive financial system.
For further information or feedback on this report, please contact OSFI’s Consultations Unit via e-mail at firstname.lastname@example.org.