Applications and approvals
Targeted fast-track framework for new entrants
Visit Targeted fast-track approvals framework for new entrants to learn about the requirements and process for entities seeking to enter Canada’s federal financial system.
For certain transactions and some business activities, financial institutions need regulatory approval from the Superintendent of Financial Institutions or the Minister of Finance (on the advice of OSFI).
The recommendations we make to the Superintendent and the Minister are in the best interest of:
- creditors
- depositors
- policyholders
- the Canadian financial sector
Transaction instructions
Refer to our list of transaction instructions to learn how to submit your applications for approval.
Insurance company forms, guides and agreements
- Demutualization of insurance companies
- Guide for the Demutualization of Mutual Property and Casualty Insurance Companies with Non-mutual Policyholders
- General Guidelines for Use of Letters of Credit
- Procedures for Completing OSFI Form 298
- Establishment or termination of a trust for vesting assets in Canada by a foreign company (including a foreign fraternal benefit society)
- OSFI form 541 – Standard Form Trust Agreement
- OSFI form 542 - Terms and Conditions of Standard Form Trust Agreement
- Guidance for Reinsurance Security Agreements for Life Insurance Companies and Fraternals / Property and Casualty Companies
- Guidance for Reinsurance Security Agreements - Questions and Answers
- Unregistered Reinsurance (Canadian and Foreign Insurance Companies)
- Self Insured Retention (Canadian and Foreign Insurance Companies)
Other forms and guides
Service standards and fees
Some of our services have service standards and fees.