Rescinded guidance documents
Maintaining guidance documents that no longer align with their purpose may result in ineffective use of resources. Rescinding such guidance documents enables both OSFI and industry to focus on the right risks in a timely manner. Find out more about the background of this initiative.
Please contact information@osfi-bsif.gc.ca if you require a copy of a rescinded guidance document for reference purposes.
List of rescinded guidance documents
Guidance documents listed in the following table have been identified as outdated, redundant, or no longer well-aligned with our mandate. They will be rescinded and removed from the website by the specified effective rescission date.
| Title | Type | Rescinded |
|---|---|---|
| B-1 Prudent Person Approach (1993) | Guideline | April 1, 2025 |
| B-2 Investment Concentration Limit for Property and Casualty Insurance Companies (1994) | Guideline | April 1, 2025 |
| B-3 Sound Reinsurance Practices and Procedures (2010) | Guideline | April 1, 2025 |
| B-3 Classification of Loans Guaranteed by a Parent of the Bank (1991) | Guideline | April 1, 2025 |
| Capital Disclosure Requirements (revised 2018) | Guideline | April 1, 2025 |
| D-11 Public Disclosure Requirements for Domestic Systemically Important Banks on Liquidity Coverage Ratio (2014) | Guideline | April 1, 2025 |
| D-12 Leverage Ratio Disclosure Requirements (2018) | Guideline | April 1, 2025 |
| Data Maintenance at TSA & AMA Institutions (Implementation Note) (2006) | Advisory | April 1, 2025 |
| Deferral of IFRS 9 Application for Federally Regulated Life Insurers (2017) | Advisory | April 1, 2025 |
| E-5 Retention/Destruction of Records (1993) | Guideline | April 1, 2025 |
| External Audit Quality Initiatives – Deposit-taking Institutions (2014) | Advisory | April 1, 2025 |
| External Audit Quality Initiatives – Insurers (2014) | Advisory | April 1, 2025 |
| Global systemically important banks – Public disclosure requirements (2021) | Advisory | April 1, 2025 |
| IFRS 17 Transition and Progress Report Requirements for Federally Regulated Insurers (2018) | Advisory | April 1, 2025 |
| Oversight Expectations for TSA & AMA Institutions (2006) | Advisory | April 1, 2025 |
| Revised Guidance for Companies that Determine Segregated Fund Guarantee Capital Requirements Using an Approved Model (2010) | Advisory | April 1, 2025 |
| Securitization – Large Exposure Issues Pertaining to Liquidity Support Facilities (2005) | Advisory | April 1, 2025 |
| Supplementary Information for Life Insurance Companies that Determine Segregated Fund Guarantee Capital Requirements Using an Approved Model (2009) | Advisory | April 1, 2025 |
| Supplementary Guidance for the Treatment of Participating Insurance in Guideline A: LICAT (2020) | Advisory | April 1, 2025 |
| Value-at-Risk (VaR) Models Validation and Approvals of Model Modifications Capital Adequacy Requirements, Guideline A, Part II (Guidance Note 2001) | Advisory | April 1, 2025 |
| Alternative Method for Life Insurance Companies that Determine the Segregated Fund Guarantee Capital Requirement Using Prescribed Factors | Advisory | December 31, 2025 |
| Asset Securitization - (2018) | Guideline Impact Analysis Statement | December 31, 2025 |
| B-12 Interest Rate Risk Management –(2019) | Guideline Impact Analysis Statement | December 31, 2025 |
| B-2 Large Exposure Limits (D-SIBs) – (2019) | Guideline Impact Analysis Statement | December 31, 2025 |
| Background Checks on Directors and Senior Management of FREs - (2008) | Guideline Impact Analysis Statement | December 31, 2025 |
| Background Checks on Directors and Senior Management of FREs - (2008) | Letter | December 31, 2025 |
| Breaking down Basel III | Backgrounder | December 31, 2025 |
| Capital treatment of BDC Guarantee under the Highly Affected Sectors Credit Availability Program | Letter | December 31, 2025 |
| Derivatives Sound Practices - (2014) | Guideline Impact Analysis Statement | December 31, 2025 |
| Earthquake Exposure Sound Practices - (2013) | Guideline Impact Analysis Statement | December 31, 2025 |
| Enterprise-Wide Model Risk Management Guideline - (2017) | Guideline Impact Analysis Statement | December 31, 2025 |
| Enterprise-Wide Model Risk Management Guideline - (2017 | Letter | December 31, 2025 |
| Foreign Bank Branch Deposit Requirement Guideline (Guideline A-10) | Guideline Impact Analysis Statement | December 31, 2025 |
| Guide to Intervention for Federally Regulated Deposit-Taking Institutions | Letter | December 31, 2025 |
| Guide to Intervention for Federally Regulated Life Insurance Companies | Letter | December 31, 2025 |
| Guideline B-11 on Pledging | Letter | December 31, 2025 |
| Internal Model Oversight Framework - (2019) | Guideline Impact Analysis Statement | December 31, 2025 |
| Leverage Requirements Guideline – (2023) | Guideline Impact Analysis Statement | December 31, 2025 |
| Liquidity Adequacy Requirements (LAR) Guideline – (2019) | Guideline Impact Analysis Statement | December 31, 2025 |
| Liquidity Principles Guideline (B-6) - (2019) | Guideline Impact Analysis Statement | December 31, 2025 |
| Materiality Criteria for Related Party Transactions – (2008) | Guideline Impact Analysis Statement | December 31, 2025 |
| Net Stable Funding Ratio Disclosure Requirements – (2019) | Guideline Impact Analysis Statement | December 31, 2025 |
| OSFI Update to COVID-19 related regulatory flexibility for the covered bond limit | Letter | December 31, 2025 |
| OSFI's Near-Term Plan of Prudential Policy for Federally Regulated Financial Institutions and Federally Regulated Private Pension Plans | Letter | December 31, 2025 |
| OSFI's Review of Reputation Risk Practices - Principles, Observations and Next Steps – (2005) | Discussion paper | December 31, 2025 |
| OSFI's Review of Reputation Risk Practices - Principles, Observations and Next Steps – (2005) | Letter | December 31, 2025 |
| Recognition of Hedge Contracts in the Determination of the Segregated Fund Guarantee Capital Requirement for Life Insurance Companies | Advisory | December 31, 2025 |
| Regulatory Compliance Management – (2014) | Guideline Impact Analysis Statement | December 31, 2025 |
| Stress Testing - (2009) | Guideline Impact Analysis Statement | December 31, 2025 |
| Total Loss Absorbing Capacity (TLAC) Disclosure Requirements Guideline and Capital Disclosure Requirements Guideline – (2018) | Guideline Impact Analysis Statement | December 31, 2025 |
| Total Loss Absorbing Capacity (TLAC) Guideline - (2018) | Guideline Impact Analysis Statement | December 31, 2025 |
| Use of Internal Models for Determining Required Capital for Segregated Fund Risks (LICAT) | Advisory | December 31, 2025 |