Modernizing how we collect data from institutions

The new platform is called Regulatory Data Hub (RDH), take a peek. The launch is now targeted for spring 2027. For now, continue using the RRS to file corporate and financial returns.

Four stages (known as releases) for transitioning to the RDH new platform are:

• Release 1: Corporate data filing for banks, loan and trust companies, and insurers. Click here to see more details: Figure 1.
• Release 2: Financial data filing for banks, and loan and trust companies.
• Release 3: Financial data filing for insurers.
• Release 4: Corporate data and financial data filing for private pension plans.

Release 1 Corporate Data

RDH will launch in phases (see figure 1) to transition federally regulated banks, loan and trust companies, and insurers. This approach ensures system and user support stability. Two key objectives of Release 1 Corporate Data are:

1. Onboard and train users
2. Use corporate data filing functionality

Corporate data filings will transition to the new RDH platform for banking and insurers during Release 1.

Our approach (see figure 1)

• Phase 1: register the Local Registration Authorities (LRAs) (they are the first point of contact and manage organization’s user profile and access permission).
• Phase 2: test the new solution with early adopters (i.e., LRAs and filers of select banks and insurers) after they are onboarded and trained.
• Phase 3: onboard and train banks and trust and loan companies for filing corporate data.
• Phase 4: onboard and train insurers for filing corporate data.

Upcoming engagement

• Release 1: Corporate Data training: We will provide bilingual training using a variety of mediums, such as videos, reference guides and demo sessions. We will also provide support to institutions via dedicated sessions and user support teams. Details on timing and training schedule to come in the coming months.

Figure 1 - Text version

Phase 1: LRA & Early Adopter Preparation (Current Step)

• Confirmation of main FRFI admins - LRAs
• Identify FRFIs for Early Adopter (EA) testing

Phase 2: Early Adopter Training & Testing

• Banking & insurance EAs in RDH test environment
• Wave 1 – EA LRAs
  • Onboarding
  • Training
  • Testing
• Wave 2 – EA Filers
  • Onboarding
  • Training
  • Testing

RDH Live

Phase 3: Banks, Trust and Loan Companies Transition

• RDH is live in production environment
• All EAs re-register in production environment
• All banks, trust and loan companies
  • Onboarding
  • Training
  • Data validation
  • Corporate data filings

Phase 4: Insurance Transition

• All Insurance
  • Onboarding
  • Training
  • Data validation
  • Corporate data filings

Filing in New RDH – Release 1 Corporate Data and beyond

In 2026, continue using Regulatory Reporting System (RRS) to file corporate and financial returns.

Figure 2 outlines the process of filing corporate data (i.e., scheduled annual returns along with events driven returns) in RDH when it goes live. Of the event driven returns, OSFI 596, OSFI 656, OSFI 657, and OSFI 658 will be available in editable webform format. For private pension plan, details will be provided separately on filing corporate data during Release 1.

In 2027, we will provide further updates on future releases.

Figure 2 - Text version

	Current Process in Regulatory Return System (RRS)	New Process at Regulatory Data Hub (RDH) Launch
Pension Corporate Returns	Pension Corporate Returns filed using RRS	Pension Corporate Returns will use a separate process for updates. Details to be provided separately.
Corporate Returns	Scheduled: 4 Existing Corporate Returns are filed using RRS: CCACC, FCACC, OSFI-598, OSFI-601	These 4 Corporate Returns will now be filed using the new RDH system.
	Event Driven: 4 Existing Corporate Returns are filed using RRS: OSFI-656, OSFI-596, OSFI-657, OSFI-658	These 4 Corporate Returns will be de-commissioned. Data will be editable and updated in new RDH Corporate Profile section.
	Event Driven: 6 Existing Corporate Returns are filed using RRS: NBAA, OSFI-597, OSFI-599, OSFI-565, OSFI-603, OSFI-602	These 6 Corporate Returns will now be filed using the new RDH system.
	Event Driven: N/A Not applicable	2 New Corporate Returns will be created and filed using new RDH system. OSFI-927: Affidavit File Attachment OSFI-928: Director Affiliate/Non-Affiliate Supporting Document
Financial Returns	Financial Returns are filed using RRS	More details to come in 2027.

• BCAR Working Groups will be held on October 5 and 14, 2026 to review the final BCAR reporting requirements with relevant banks, and loan and trust companies.

If you have questions about the DCM initiative, please email dcm-mcd@osfi-bsif.gc.ca.