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ARTICLE · 04 OCTOBER 2018

OSFI's Revised Corporate Governance Guideline Goes Live

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On September 18, 2018 the Office of the Superintendent of Financial Institutions (OFSI) issued the final version of its Corporate Governance Guideline (the CG Guideline).

CanadaFinance and Banking
Carol Lyons
Carol Lyons
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On September 18, 2018 the Office of the Superintendent of Financial Institutions (OFSI) issued the final version of its Corporate Governance Guideline (the CG Guideline). The CG Guideline applies to OSFI-regulated financial institutions, including banks, bank holding companies, trust and loan companies, cooperative credit and retail associations, fraternals, insurance companies, and insurance holding companies. A draft version of the CG Guideline was published by OSFI in November 2017. It has now been finalized after a period of public consultation. In keeping with usual practise, very few changes were made to the draft CG Guideline after OSFI's consideration of comments made by stakeholders during the public consultation, and the changes that were made are not overly substantive.

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