On November 4th, 2021, Peter Routledge, the Superintendent of Financial Institutions (Canada) announced that OSFI was lifting regulatory restrictions that it had imposed on FRFIs relating to dividends, share repurchases and ...

On August 13, 2021, the OSFI released an updated Technology and Cyber Security Incident Reporting Advisory for federally regulated financial institutions which replaces the Technology and Cyber Security Incident Reporting Advisory ...

On March 29, 2022, the Financial Services Regulatory Authority of Ontario ("FSRA") announced the launch of the first Life and Health Agent Supervisory Framework (the "Framework").

On February 17, 2022, the Canadian Council of Insurance Regulators and the Canadian Insurance Services Regulatory Organizations released proposed guidance on incentive management related to the sale and servicing of insurance products.

OSFI launched a three-month public consultation on Draft Guideline B‑13, Technology and Cyber Risk Management on November 9, 2021, and is inviting comments on the Proposed Guideline until February 9, 2022.

The remaining Phase of OSFI's review of reinsurance contemplates possible changes to the MCT and LICAT capital guidelines, though no firm dates or timing for such changes have been released to date.