Table of OSFI Guidelines

OSFI publishes guidelines, which are essentially best or prudent practices, that it expects financial institutions to follow. Guidelines are used to set standards to govern industry activities and behaviour. These include solvency standards (capital adequacy), prudential standards (large exposure limits, portfolio mix), and accounting standards (e.g., non-accrual loans, transfer of assets, etc.).

In 2002, a letter was sent to guideline manual holders, FRFIs, industry associations and provincial superintendents, explaining that paper-based notification of guidelines will be discontinued and invites users to become subscribers.

Capital Adequacy Requirements			Bank	FBB	T&L	Coop	L&F	P&C
A	Capital Adequacy Requirements, Basel II	Nov. 2007	*		*
A-1	Capital Adequacy Requirements	Nov. 2007	*		*
A	Capital Adequacy Requirements	July 2008				*
	Minimum Continuing Capital and Surplus Requirements (into effect at the beginning of the first fiscal quarter of 2010)	Revised Dec. 2009					*
A	MCT	March 2008						*
A-2	Capital Regime for Regulated Insurance Holding Companies and Non-Operating Life Companies	July 2005					*
A-2	Branch Adequacy of Assets Test for 2010	Jan. 2010						*
A-3	Transitional Period Capital Floor Requirement for Institutions Using the Internal Ratings Based Approach to Credit Risk	Nov. 2007	*		*
A-4	Internal Capital Adequacy Assessment Process (ICAAP) for Deposit-Taking Institutions - Draft	Aug. 2010	*		*
A-4	Capital Targets – Federally Regulated Insurance Companies - Draft	May 2010					*	*
A-10	Capital Equivalency Deposit (Appendices revised April 2002)	Jan. 2000		*

Guidelines B-8, B-12 and B-3 for reinsurance are now located under the heading Sound Business and Financial Practices

Prudential Limits and Restrictions			Bank	FBB	T&L	Coop	L&F	P&C
B-1	Prudent Person Approach	Jan. 1993	*		*	*	*	*
B-2	Large Exposure Limits	Dec. 1994	*	*	*
B-2	Large Exposure Limits	Aug. 2003					*
B-2	Investment Concentration Limit	Mar. 1994						*
B-3	Classification of Loans Guaranteed by Parent Bank	Apr. 1991	*
B-4	Securities Lending	Sept. 1996						*
B-4	Securities Lending	Feb. 1997					*
B-4	Securities Lending	Sept. 1996	*	*	*	*
B-5	Asset Securitization	Nov. 2004				*	*	*
B-5A	Asset Securitization	Jan. 2000		*
B-6	Liquidity	Dec. 1995	*		*
B-7	Derivatives Best Practices	May 1995	*	*	*	*	*	*
B-9	Earthquake Exposure Sound Practices & Annexes	May 1998						*
B-10	Outsourcing of Business Activities, Functions and Processes	Mar. 2009	*	*	*	*	*	*
B-11	Pledging	May 2003	*		*	*	*	*
E-2	Commercial Lending Criteria	Jun. 1992			*	*	*
E-2A	Commercial Lending Restrictions - Foreign Life & Foreign Fraternals	Sept. 1993					*
E-6	DRAFT - Materiality Criteria for Related Party Transactions	Aug. 2008	*		*	*	*	*
E-6	Materiality Criteria for Related Party Transactions	Oct. 1993					*
E-6	Materiality Criteria for Related Party Transactions	Dec. 1993						*
E-6	Materiality Criteria for Related Party Transactions	May 1999	*		*	*

Accounting			Bank	FBB	T&L	Coop	L&F	P&C
C-1	C-1 Impairment - Sound Credit Risk Assessment and Valuation Practices for Financial Instruments at Amortized Cost Effective for fiscal years commencing on or after January 1, 2011.	July 2010	*	*	*	*	*	*
C-1	Impaired Loans Effective for fiscal years commencing before January 1, 2011.	July 2004	*	*	*	*	*	*
C-5	C-5 Collective Allowances - Sound Credit Risk Assessment and Valuation Practices for Financial Instruments at Amortized Cost Effective for fiscal years commencing on or after January 1, 2011.	July 2010	*	*	*
C-5	General Allowances for Credit Risk Effective for fiscal years commencing before January 1, 2011.	Oct. 2001 Revised Nov. 2007	*	*	*
D-1	Annual Disclosures Effective for fiscal years commencing on or after January 1, 2011.	July 2010	*	*	*	*
D-1	Annual Disclosures Effective for fiscal years commencing before January 1, 2011.	Feb. 2009	*	*	*	*
D-1A	Annual Disclosures Effective for fiscal years commencing on or after January 1, 2011.	July 2010					*
D-1A	Annual Disclosures Effective for fiscal years commencing before January 1, 2011.	Feb. 2009					*
D-1B	Annual Disclosures Effective for fiscal years commencing on or after January 1, 2011.	July 2010						*
D-1B	Annual Disclosures Effective for fiscal years commencing before January 1, 2011.	Feb. 2009						*
D-2	Accounting for READC Project Financing Effective for fiscal years commencing before January 1, 2011.	May 1994	*	*	*	*
D-3	Accounting for NHA-insured MBS Effective for fiscal years commencing before January 1, 2011.	Oct. 2002	*	*	*	*	*	*
D-4	Transfers of Financial Assets with Recourse Effective for fiscal years commencing before January 1, 2011.	Oct. 2002	*	*	*	*	*	*
D-5	Accounting for Structured Settlements Effective for fiscal years commencing on or after January 1, 2011.	July 2010						*
D-5	Accounting for Structured Settlements Effective for fiscal years commencing before January 1, 2011.	Oct. 2006						*
D-6	Derivatives Disclosure Effective for fiscal years commencing on or after January 1, 2011.	July 2010	*	*	*	*	*	*
D-6	Derivatives Disclosure Effective for fiscal years commencing before January 1, 2011.	Feb. 2009	*	*	*	*	*	*
D-7	Accounting for Reinsurance of Short Term Contracts Effective for fiscal years commencing before January 1, 2011.	Feb. 1998						*
D-8	Accounting for Transfers of Receivables Including Securitizations Effective for fiscal years commencing before January 1, 2011.	Oct. 2006	*	*	*	*	*	*
D-9	Source of Earnings Disclosure (Life Insurance Companies) Effective for fiscal years commencing on or after January 1, 2011.	July 2010					*
D-9	Source of Earnings Disclosure (Life Insurance Companies) Effective for fiscal years commencing before January 1, 2011.	Dec. 2004					*
D-10	Accounting for Financial Instruments Designated as Fair Value Option Effective for fiscal years commencing on or after January 1, 2011.	July 2010	*	*	*	*	*	*
D-10	Accounting for Financial Instruments Designated as Fair Value Option Effective for fiscal years commencing before January 1, 2011.	Oct. 2009	*	*	*	*	*	*

Guideline E-1 is now located under Other Application Guides
Guidelines E-2, E-2A and E-6 are now located under Prudential Limits and Restrictions
Guidelines E-4, E-5, E-10, E-12, E-13, E-14 and E-15 are now located under Sound Business and Financial Practices

Sound Business and Financial Practices Bank FBB T&L Coop L&F P&C

Corporate Governance Guideline Jan. 2003 * * * * * *

B-3 B-3 Sound Reinsurance Practices and Procedures - Draft Aug. 2010 * *

B-8 Deterring & Detecting Money Laundering Dec. 2008 * * * *

B-12
Guideline - Interest Rate Risk (IRR) Management
Feb. 2005 * *

E-4A Role of the Canadian Chief Agent & Record Keeping Requirements
Nov. 1992

Revised Dec. 2009
* *

E-4B Role of the Principal Officer and Record Keeping Requirements Nov. 2005 *

E-5 Retention/Destruction of Records May 1993 *

E-10 Use of Depositories by Insurance Companies Dec. 1996 * *

E-12 Inter-segment Notes for Life Insurance Companies
Effective for fiscal years commencing on or after January 1, 2011.
July 2010 *

E-12 Inter-segment Notes for Life Insurance Companies
Effective for fiscal years commencing before January 1, 2011.
July 2004 *

E-13 Legislative Compliance Management (LCM) Guideline Mar. 2003 * * * * * *

E-14 Role of the Independent Actuary
Jan.2004

Revised Dec. 2009
*

E-15
Appointed Actuary: Legal Requirements, Qualifications and External Review
Nov. 2006 * *

E-17
Background Checks on Directors and Senior Management of FREs
Feb 2008 * * * * * *

E-18
Stress Testing
Dec. 2009 * * * * *

Standards of Sound Business and Financial Practices for Life Insurance Companies

F1-F12
Rescinded August 22, 2005 - Letter
Standards F1 - F12 for reference only

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Last updated: 2010-08-06	Important Notices