The purpose of the Transaction Instructions is to provide applicants seeking regulatory approval under the Bank Act, the Trust and Loan Companies Act, the Insurance Companies Act and the Cooperative Credit Association Act with OSFI’s information filing requirements, as well as administrative guidance, as appropriate, to facilitate the application process.
The information requirements are intended to satisfy the typical application of each type. They have been derived from OSFI’s considerable experience in assessing applications. OSFI anticipates that applicants who provide all information and material requested can expect a more timely assessment of their applications. Additional information may be requested as appropriate to the circumstances. There are two Indexes of Transaction Instructions:
Transaction instructions for applications not subject to the deemed approval process (Index A)
Transaction instructions for applications subject to the deemed approval process (Index DA)
All applications for regulatory approval should be forwarded to:
Office of the Superintendent of Financial Institutions
Legislation and Approvals Division
255 Albert Street
Ottawa, Ontario
KIA OH2
Comments or suggestions concerning any Transaction Instructions should be addressed to the Director of Precedents at the same address.