OSFI publishes FAQs on COVID-19 related regulatory measure

OSFI has announced a series of regulatory adjustments to support the financial and operational resilience of federally regulated financial institutions and private pension plans, and contribute to public confidence and stability of the Canadian financial system.

Each sector that OSFI oversees—federally regulated deposit-taking institutions, insurance companies and private pension plans—has different regulatory obligations and requirements.

Today, OSFI has published a suite of FAQs for each sector that addresses common questions on the recent measures announced.

OSFI continues to develop and refine its expectations for these sectors to provide flexibility and clarity so that they can effectively respond to current challenges.

These FAQs will be updated regularly to reflect any new measures announced and ensure that information included remains current.