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Guideline at a glance

Summary of Assurance Expectations for Federally Regulated Insurers

Table 1 – External Audit
Industry	Regulatory Return / Schedule	Filing Requirement	Frequency
Life Insurer	LICAT Schedule 10.100 / LIMAT Schedule 120.000	Within 90 days of fiscal year-end^{Table 1 - External Audit footnote 1}	Annual at year-end reporting date beginning fiscal 2025
P&C Insurer	MCT / BAAT Schedule 10.00	Within 90 days of fiscal year-end^{Table 1 - External Audit footnote 1}	Annual at year-end reporting date beginning fiscal 2025
Mortgage Insurer	MICAT Schedule 10.10	Within 90 days of fiscal year-end	Annual at year-end reporting date beginning fiscal 2025
Table 1 – External Audit footnotes Table 1 – External Audit footnote 1 Foreign Life/P&C entities may retain their May 31 filing schedules for the LIMAT/BAAT. Return to Table 1 – External Audit footnote 1 referrer

Table 2 – Senior Management Attestation and Review^{Table 2 - Senior Management Attestation and Review footnote 1}
Industry	Regulatory Return / Schedule	Filing Requirement	Frequency
Life Insurer	LICAT / LIMAT COVER Schedule	According to quarterly filing requirements	Quarterly beginning fiscal 2024
P&C Insurer	MCT / BAAT COVER Schedule	According to quarterly filing requirements	Quarterly beginning fiscal 2024
Mortgage Insurer	MICAT COVER Schedule	According to quarterly filing requirements	Quarterly beginning fiscal 2024
Table 2 - Senior Management Attestation and Review footnotes Table 2 - Senior Management Attestation and Review footnote 1 On an annual basis, management attestation submissions are to be accompanied with the FRFI’s summary of unadjusted errors impacting the calculation of regulatory ratios. Return to Table 2 - Senior Management Attestation and Review footnote 1 referrer

Table 3 – Internal Audit
Industry	Regulatory Return	Filing Requirement	Frequency
Life Insurer	LICAT / LIMAT	Within 90 days of fiscal year-end	Effective beginning fiscal 2023 - Minimum once every three years based on FRI’s frequency of review
P&C Insurer	MCT / BAAT	Within 90 days of fiscal year-end	Effective beginning fiscal 2023 - Minimum once every three years based on FRI’s frequency of review
Mortgage Insurer	MICAT	Within 90 days of fiscal year-end	Effective beginning fiscal 2023 - Minimum once every three years based on FRI’s frequency of review

Summary of Assurance Expectations for Deposit-Taking Institutions

Table 1 – External Audit
Industry	Regulatory Return / Schedule	Filing Requirement	Frequency
D-SIB	BCAR Schedule 10.010 LRR Leverage & TLAC Leverage Ratios Schedule LCR^{Table 1 – External Audit footnote 1}, NSFR^{Table 1 – External Audit footnote 2}	Within 90 days of fiscal year-end	Annual at year-end reporting date beginning fiscal 2025
SMSB Category I	BCAR Schedule 10.010 LRR Leverage & TLAC Leverage Ratios Schedule LCR^{Table 1 – External Audit 1}, NSFR^{Table 1 – External Audit footnote 2}	Within 90 days of fiscal year-end	Annual at year-end reporting date beginning fiscal 2025
SMSB Category II	BCAR Schedule 10.010 LRR Leverage & TLAC Leverage Ratios Schedule LCR^{Table 1 – External Audit 1}	Within 90 days of fiscal year-end	Biennial at year-end reporting date beginning fiscal 2025
SMSB Category III	BCAR Schedule 10.011	Within 90 days of fiscal year-end	Biennial at year-end reporting date beginning fiscal 2025
Table 1 – External Audit footnotes Table 1 – External Audit footnote 1 To better capture potential currency mismatches, LCR should be evaluated in significant currencies for the purposes of OSFI’s assurance requirements. Return to Table 1 – External Audit footnote 1 referrer Table 1 – External Audit footnote 2 For SMSBs, assurance on NSFR is only required of Category I SMSBs with significant reliance on wholesale funding. Return to Table 1 – External Audit footnote 2 referrer

Table 2 – Senior Management Attestation and Review^{Table 2 - Senior Management footnote 1}
Industry	Regulatory Return / Schedule	Filing Requirement	Frequency
D-SIB	BCAR Cover Schedule (new) / LRR Cover Schedule (new) / LCR Cover Schedule (new) / Comprehensive NCCF Cover Schedule (new) / NSFR Cover Schedule (new)	According to quarterly filing requirements	Effective beginning fiscal 2024
SMSB Category I	BCAR Cover Schedule (new) / LRR Cover Schedule (new) / LCR Cover Schedule (new) / Comprehensive NCCF Cover Schedule (new) / NSFR Cover Schedule (new)	According to quarterly filing requirements	Effective beginning fiscal 2024
SMSB Category II	BCAR Cover Schedule (new) / LRR Cover Schedule (new) / LCR Cover Schedule (new) / Streamlined NCCF Cover Schedule (new)	According to quarterly filing requirements	Effective beginning fiscal 2024^{Table 2 - Senior Management footnote 2}
SMSB Category III	BCAR Cover Schedule (new) / OCFS Cover Schedule (new)	According to quarterly filing requirements	Effective beginning fiscal 2024^{Table 2 - Senior Management footnote 2}
Table 2 - Senior Management Attestation and Review footnotes Table 2 - Senior Management footnote 1 On an annual basis, management attestation submissions are to be accompanied with the FRFI’s summary of any unadjusted errors impacting the calculation of regulatory ratios. Return to Table 2 - Senior Management footnote 1 referrer Table 2 - Senior Management footnote 2 Category II and III SMSBs may review and attest biennially. Return to Table 2 - Senior Management footnote 2 referrer

Table 3 – Internal Audit
Industry	Regulatory Return	Filing Requirement	Frequency
D-SIB	BCAR / LRR / LCR / NSFR / Comprehensive NCCF	Within 90 days of fiscal year-end	Effective beginning fiscal 2023 - Minimum once every three years based on DTI’s frequency of review
SMSB Category I	BCAR / LRR / LCR / NSFR / Comprehensive NCCF	Within 90 days of fiscal year-end	Effective beginning fiscal 2023 - Minimum once every three years based on DTI’s frequency of review
SMSB Category II	BCAR / LRR / LCR / Streamlined NCCF	Within 90 days of fiscal year-end	Effective beginning fiscal 2023 - Minimum once every three years based on DTI’s frequency of review
SMSB Category III	BCAR / OCFS	Within 90 days of fiscal year-end	Effective beginning fiscal 2023 - Minimum once every three years based on DTI’s frequency of review