The new Canadian Financial Instruments accounting standards ("Financial Instruments") become effective for fiscal years commencing on or after October 1, 2006. Following consultations with other Regulatory Agencies and the Industry Associations, OSFI has completed the identification of the changes required to Regulatory Financial Returns as a result of Financial Instruments. The changes for Financial Instruments are highlighted in the Returns posted below. Please note that the Balance Sheet (M4) now has an extra Tab / worksheet (“FI”) for the new, Quarterly “Financial Instruments” Supplement. We plan to update the Instructions in the DTI Manual by late November 2006. If you have any questions, please contact OSFI’s Accounting Policy Division at 416-973-1668.
M4 – Balance Sheet and “Financial Instruments” Supplement (quarterly) (revised: 2006-11-20)
P3 – Income Statement – Section IV “Comprehensive Income” (revised: 2007-03-23)
G3 – CAR (revised: 2006-11-20)
R2 – Regional Distribution of Assets & Liabilities (revised: 2006-11-20)
B2 – Securities Report (revised: 2006-11-20)
L4 – Average Assets and Liabilities (BANKS AND FBBs ONLY) (revised: 2006-11-20)