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In-Kind Contributions
… to the pension fund. The normal meaning of payment is a cash payment. Therefore an employer cannot unilaterally … to make a payment to a pension plan in anything other than cash to satisfy the normal cost and special payment …
Letters of Credit
… had to be remitted before April 1, 2011 must be paid in cash. How should a letter of credit that is included in … SR t-2 for the difference between FVLoCt and FVLoC t-2 . Cash payments made to reduce the face value of a letter of … do not impact the previously described adjustments. These cash payments should be treated as special payments in the …
OSFI maintains the Domestic Stability Buffer level at 2.50% - Letter (2021)
… the onset of the pandemic. OSFI continues to expect that management and boards of directors will both take into …
Life Insurance Capital Adequacy Test (LICAT) 2025 – Letter
Life Insurance Capital Adequacy Test (LICAT) 2025 – Letter Today, the Office of the Superintendent of Financial Institutions (OSFI) is publishing the draft Life Insurance Capital Adequacy Test (LICAT) 2025 guideline, along with other related documents …
OSFI Update on Capital Requirement for Federally Regulated Life Insurers – Letter
OSFI Update on Capital Requirement for Federally Regulated Life Insurers – Letter Today, OSFI is making the following adjustments with respect to LICAT policy and initiatives: Postponing the next revision of the Life Insurance Capital Adequacy Test …
Life Insurance Capital Adequacy Test (2025) – Letter
Life Insurance Capital Adequacy Test (2025) – Letter Today, the Office of the Superintendent of Financial Institutions (OSFI) is publishing the final Life Insurance Capital Adequacy Test (LICAT) 2025 guideline, along with other related documents. The …
Strengthening Climate Risk Financial Resilience: Insights from the Standardized Climate Scenario Exercise
… related physical risk into credit, underwriting, and risk management decisions. This gap is exacerbated by the fact … approaches to the measurement, assessment and management of climate-related financial risks remains … in the GCAM outputs. These scenarios were used to project cash flows and default frequencies for a sample of more than …
“2025 Annual Update” to the Manual of Financial Reporting Forms and Instructions for Canadian Mortgage Insurance Companies
… Reporting System (RRS). The attestations include senior management, opinion of internal auditor, and opinion of …
Update on the Development of a New Approach for Determining Regulatory Capital Requirements for Segregated Fund Guarantee (SFG) Risk
Update on the Development of a New Approach for Determining Regulatory Capital Requirements for Segregated Fund Guarantee (SFG) Risk To: Federally Regulated Life Insurers For the purposes of this letter, “federally regulated life insurers” or “insurers” …
OSFI exempts uninsured mortgage straight switches from the prescribed MQR and implements portfolio LTI limits
OSFI exempts uninsured mortgage straight switches from the prescribed MQR and implements portfolio LTI limits To: Federally regulated financial institutions Effective today, OSFI will no longer prescribe the minimum qualifying rate (MQR) that it expects …
“2025 Annual Update” to the Manual of Financial Reporting Forms and Instructions for Property and Casualty Insurance Companies
… Reporting System (RRS). The attestations include senior management, opinion of internal auditor, and opinion of …
Reinsurance Trust Agreements
Reinsurance Trust Agreements To: Federally Regulated Property and Casualty Insurance Companies, Federally Regulated Life Insurance Companies, including Fraternal Benefit Societies This letter is to inform you that the Office of the Superintendent of …
Letter to industry - Revision of OSFI’s approach regarding Administrative Monetary Penalties
… recipients of this letter to share this notice with the management and board of directors of the financial …
Draft Internal Liquidity Adequacy Assessment Process Guideline (2027) – Letter
… consistent approach for our supervision of liquidity risk management. We are proposing a phased implementation …
Asset transaction greater than 10% of assets
… Transactions include the FRE: issuing its shares for cash consideration; paying dividends; redeeming its shares or … For example, if a federally regulated entity acquires, for cash, shares issued from treasury by its subsidiary, this … valued at $400,000 by the FRE in return for a $400,000 cash payment should count as $400,000 towards the calculation …