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Unlocking funds from a pension plan or from a locked-in retirement savings plan
… from a locked-in account. The funds may be withdrawn as cash, or transferred to a tax-deferred savings vehicle such … are met, then a person's pension may be withdrawn in cash or transferred to a tax-deferred savings vehicle such as … or mental condition, the funds may be withdrawn in cash or transferred to a tax-deferred savings vehicle such as …
Glossary of Pension Plan Terms
… institutions. An RRIF is intended to provide an ongoing flow of income. RRIFs are governed by the Income Tax Act …
Capital Adequacy Requirements (CAR) (2027) – Chapter 1 – Overview of Risk-based Capital Requirements
… of institution Boards of Directors in regard to the management of capital and liquidity. The Capital Adequacy … of on- and off-site monitoring of institutions' risk management activities and corporate governance, including … and more structured interactions with boards and senior management; more extensive use of specialist expertise …
Capital Adequacy Requirements (CAR) (2026) – Chapter 1 – Overview of Risk-based Capital Requirements
… of institution Boards of Directors in regard to the management of capital and liquidity. The Capital Adequacy … of on- and off-site monitoring of institutions' risk management activities and corporate governance, including … and more structured interactions with boards and senior management; more extensive use of specialist expertise …
Large Exposure Limits - 2003
… in regards to operational, business, risk and crisis management policies. II. Limits on Large Exposures In … and foreign branches are also to have in place the management information and control systems necessary to give … exposures to reinsurers . However, OSFI expects prudent management of companies to include reasonable limits on …
Life Insurance Capital Adequacy Test Public Disclosure Requirements
… between reporting periods and any other issues that management considers to be of interest to stakeholders. The …
Deputy Superintendent, Ben Gully speech to C. D Howe Institute: What makes an effective prudential supervisor
… allow teams to compete effectively, without disrupting the flow of the game. The same could be said about prudential … when the game is at risk. But while we promote good risk management and corporate governance practices, we're also … responsibility for risk decisions rests with senior management, boards of directors and private pension plan …
Interbank and Major Exposures Return (EB/ET)
… netting agreements, banks are required to report cash paid (i.e. the notional amount of the transaction). … under a legal agreement, banks are asked to report net cash paid from bilateral and tri-party reverse repurchase … date).When the collateral received is greater than the cash leg, the resulting negative value is to be reported. (D) …
Regulatory Notice on Adjustments to the Life Insurance Capital Adequacy Test Guideline (2025) – Letter
Regulatory Notice on Adjustments to the Life Insurance Capital Adequacy Test Guideline (2025) – Letter Today, we are publishing a regulatory notice that outlines adjustments to the 2025 Life Insurance Capital Adequacy Test (LICAT) guideline to provide …
2022-23 Departmental Results Report
… a risk appetite statement and an enterprise risk management function to support strategic and operational … year. The change is largely driven by an increase in our cash entitlement (due to increased financial liabilities). Cash entitlement represents the amount that we are entitled …
Conflict of Interest Policy
… and cultural events, travel or conferences. Gifts of cash, grants, gratuities (tips) or equivalent, in any amount, … speak at conferences where the host organization offers a cash honorarium must inform the Superintendent’s Designate …
Substantial Investments - Appendix A.3
… investment counselling services; providing portfolio management services; networking financial services; or acting …
Internal Audit Report on Regulation Sector - Approvals and Precedents Group
… of Financial Institutions Canada’s ( OSFI’s ) risk management, control, and governance processes, as designed and represented by management, are adequate and functioning in a manner to … there was sufficient documentation to support the logical flow of information in the application cases reviewed, with a …
RBC Capital Markets Canadian Bank CEO Conference
… – in the form of buffers (capital and otherwise) and risk management disciplines – to absorb intensifying physical … we will act this decade to drive mature climate risk management and ensure the capital build-up appropriate to … financial system resilience in the 2030s. Our climate risk management surveillance will reward better, more mature …
Public consultation on the draft Minimum Capital Test (MCT) 2026
Public consultation on the draft Minimum Capital Test (MCT) 2026 Today, the Office of the Superintendent of Financial Institutions (OSFI) is beginning a 90-day consultation on the draft MCT 2026 guideline , along with associated documents. The final MCT …