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Speaking engagements
… Superintendents, along with highlights from recent events. Visit regularly to stay informed and explore how OSFI's … Speakers Bureau Past events Speakers Bureau Looking for an OSFI speaker? The Speakers Bureau connects event … 31st Annual Flagship Conference on Regulatory Compliance for Financial Institutions Angie Radiskovic, Deputy …
Amendments to the Pension Benefits Standards Regulations, 1985
… Standards Regulations, 1985 (PBSR) were pre-published for public comment on September 27, 2014 and the 30 day … to the chart titled Key Amendments and In Force Dates for further information. OSFI has previously communicated … government's pension reform were in force. Now that this latest round of regulations has been passed, OSFI expects …
Save the date for our second Quarterly Release
… Save the date for our second Quarterly Release Last quarter we started … Reporting Standards 17 (IFRS 17) Guideline Join us for the announcements As part of the release, Tolga Yalkin, … Response, will give remarks and take questions on our latest releases. Stakeholder announcement Date: Thursday, …
Basics of guidance
… follow. The guidelines and advice we provide set standards for industry activities and behavior. Our guidance helps … from, partners, stakeholders, and industry Researching the latest developments in regulatory activity and approaches … of guidance we provide Guidelines - outline expectations for financial institutions Advisories - clarifications to …
Amending an order to insure in Canada risks to add or delete a class of insurance (foreign company)
… of insurance (foreign company) Information Requirements A. For the addition of a class of insurance, the applicant is … as at or about the date of the application, and for each of the next three financial year-ends; and the … an overview of the risk management and control processes for the new class of insurance, including those related to: …
Administering pension plans
… while recognizing that plan administrators are responsible for the plan's management and that pension plans can … private pension plans we supervise. Subscribe to pension news Sign up for the latest news Regulatory Reporting System (RRS) login Canadian …
Small denomination notes
… notes would be tradable on a secondary market. For example, the FSB could issue a large denomination note to … dealer, to be held through the Canadian Depository for Securities Limited. The securities dealer would sell … be “deposits” as that term is defined in subsection 545(3) for the purpose of subsection 545(1). The meaning of …
OSFI issues proposed regulatory changes to the treatment of credit valuation adjustments
… this page and will not be updating it. You can use it for research or reference. Today the Office of the … on proposed regulatory changes to incorporate the latest and final round of Basel III reforms into its capital, … Ben Gully, Assistant Superintendent, Regulation Sector News release Ottawa Related links Related letter to industry …
Alternate Name - Use of a trade name
… that: the affiliates are engaged in the business of selling investment products but were not permitted to engage … the affiliate (e.g., the word “investment” or “securities” for the affiliate and the word “trust” for the Company), as the case may be. In this case, confusion …
OSFI’s Superintendent, Peter Routledge participates at the Starling Insights Compendium Launch Event
… action is always preferred. We have a high appetite for early intervention to address risks that could jeopardize … we recognize that it is not cost-effective or realistic for us to intervene on all risks facing regulated … Is the inclusion of non-financial risks a harder sell for the institutions you regulate? Is there resistance? How …
OSFI issues updated requirements for technology and cyber incident reporting
… OSFI issues updated requirements for technology and cyber incident reporting We have archived … Peter Routledge, Superintendent of Financial Institutions News release Ottawa This updated Advisory replaces OSFI's … third-party outages and data breaches and more. OSFI's latest Cyber Security Self-Assessment is available on line …
Capital Adequacy Requirements (CAR) (2027) – Chapter 4 – Credit Risk – Standardized Approach
… the version of this guideline currently in effect, please visit Capital Adequacy Requirements (CAR) (2026) – Chapter 4 – Credit Risk – Standardized Approach . Note For institutions with a fiscal year ending October 31 or … 31, respectively. The Capital Adequacy Requirements (CAR) for banks (including federal credit unions), bank holding …
Superintendent of Financial Institutions takes temporary control of Silicon Valley Bank’s Canadian branch
… and requesting that the Attorney General of Canada apply for a Winding-Up Order. Silicon Valley Bank is headquartered … temporary control of the assets of the branch is the latest action taken by OSFI. Consistent with globally … Peter Routledge, Superintendent of Financial Institutions News release Ottawa In January 2022, OSFI announced the …
ESTABLISHMENT OR TERMINATION OF A TRUST FOR VESTING ASSETS IN CANADA BY A FOREIGN COMPANY (including a foreign fraternal benefit society)
… ESTABLISHMENT OR TERMINATION OF A TRUST FOR VESTING ASSETS IN CANADA BY A FOREIGN COMPANY (including … name. Clause 2 of the Trust Agreement should refer to the latest published version of the OSFI Form No.542 - Terms and … that wish to use the services of the "Canadian Depository for Securities Limited" must insert the name of that entity …
FSRA/OSFI Defined Contribution (DC) Pension Plans Technical Advisory Committee - Meeting Summary, May 7, 2021
… to review and update CAPSA Guideline No. 3 – Guidelines for Capital Accumulation Plans (CAP Guideline). The Chair … last full review of the CAP Guideline in 2009, and their latest initiative to review and update the CAP Guideline, … who provided a summary of their work to the Committee for discussion. Key areas for consideration identified by the …