Letter to industry – Updates to OSFI’s Policy Plan

To: Federally regulated financial institutions

As part of our ongoing efforts to maintain an effective, transparent, and risk-based regulatory framework, we are sharing updates to our planned policy releases and announcements schedule as set out in our spring Annual Risk Outlook.

We summarize these changes below.

Third Quarterly Release, September 10, 2026

We are:

• deferring the draft Guideline B-6 Liquidity Principles to February 2027
• deferring the final Pillar 3 Disclosures for Interest Rate Risk to November 2026

Fourth Quarterly Release, November 19, 2026

We are:

• releasing the final Pillar 3 Disclosures for Interest Rate Risk
• releasing the final Guideline B-2 Large Exposure Limits for Property and Casualty and Life and Fraternal insurers
• releasing the Credit Risk Management "What We Heard" consultation report
• deferring the draft chapters of Credit Risk Management Guideline to February 2027

First Quarterly Release, February 12, 2027

We are:

• releasing the draft chapters of Credit Risk Management Guideline
• releasing draft Guideline B-6 Liquidity Principles

For the most up-to-date information on our policy priorities and publication timelines, please consult our policy releases and announcements schedule. While some guidelines referenced in this letter are scheduled for 2027, we will incorporate updates to publication timelines into the schedule over time. As with all forward-looking plans, timelines and planned releases may change to address developments in the risk and operating environment of financial institutions.