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ARTICLE · 10 JUNE 2013

OSFI Updates: Incorporation Guides And Transaction Instructions

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The current Guide for Incorporating Banks and Federally Regulated Trust and Loan Companies and the current Guide for Incorporating Insurance Companies were last updated in August 2004.

CanadaFinance and Banking
Jeffrey Graham
Jeffrey Graham
Stephen Redican
Stephen Redican
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The Office of the Superintendent of Financial Institutions (Canada) ("OSFI") has updated a number of helpful guides and transaction instructions to assist federally regulated financial institutions ("FRFIs") and other applicants to comply with Canadian federal financial institution statutes and regulations. The stated objective is to make OSFI's expectations more transparent.

GUIDES

The current Guide for Incorporating Banks and Federally Regulated Trust and Loan Companies (the "Bank Guide") and the current Guide for Incorporating Insurance Companies (the "Insurance Guide") were last updated in August 2004.

The Bank and Insurance Guides reflect OSFI's expectations and practices as of December 31, 2012. OSFI notes that as its expectations and practices continue to evolve, the Guides will be updated when and as needed.

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