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Property and casualty insurance return – Section VI – Change Control Log
… investment certificates or term deposits that are not cash equivalents , which are to be included on page 20.10, … – Deleted (replaced by page 20.52) 20.52 Statement of Cash Flows – Added 40.49 Nunavut – Added 40.80 Lines 01, 02, …
Clear Expectations: OSFI’s Priorities and Agenda
… the responsibility of their boards of directors and senior management. OSFI Removed Nearly All COVID-related Regulatory … decisions rests with the boards of directors and senior management of FRFIs; and We have confidence that boards of directors and senior management will act responsibly in making those decisions. 1. …
Role of the Independent Actuary
… ancillary agreements, such as shareholder agreements, management agreements, outsourcing agreements, investment management agreements, service agreements, custodial … effects of the agreement on matters such as investment management, new business strategy, administration, expense …
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 …
Substantial Investments - Appendix A.4
… investment counselling services; providing portfolio management services; networking financial services; or acting …
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 …
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 …
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 …
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 …
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 …
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 …
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 …