Table of OSFI Guidelines

OSFI publishes guidelines, which are essentially best or prudent practices, that it expects financial institutions to follow. Guidelines are used to set standards to govern industry activities and behaviour. These include solvency standards (capital adequacy), prudential standards (large exposure limits, portfolio mix), and accounting standards (e.g., non-accrual loans, transfer of assets, etc.).

In 2002, a letter was sent to guideline manual holders, FRFIs, industry associations and provincial superintendents, explaining that paper-based notification of guidelines will be discontinued and invites users to become subscribers.

Capital Adequacy Requirements			Bank	FBB	T&L	Coop	L&F	P&C
	Capital Adequacy Requirements (CAR) 2013	Dec. 2012	*		*
A	Capital Adequacy Requirements, Basel II	Dec. 2011	*		*
A-1	Capital Adequacy Requirements	Dec. 2011	*		*
A	Capital Adequacy Requirements, Basel II	Dec. 2010	*		*
A-1	Capital Adequacy Requirements	Dec. 2010	*		*
A	Capital Adequacy Requirements	Dec. 2010				*
A	Minimum Continuing Capital and Surplus Requirements 2013	Dec. 2012					*
A	Minimum Continuing Capital and Surplus Requirements 2012	Oct. 2011					*
A	Minimum Capital Test (2013)	Nov. 2012						*
A	Minimum Capital Test	Oct. 2011						*
A-2	Capital Regime for Regulated Insurance Holding Companies and Non-Operating Life Companies	July 2005					*
A-3	Transitional Period Capital Floor Requirement for Institutions Using the Internal Ratings Based Approach to Credit Risk	Nov. 2007	*		*
A-4	Regulatory and Internal Target Capital Ratios - Draft	Dec. 2012					*	*
A-4	Internal Target Capital Ratio for Insurance Companies	June 2011					*	*
A-10	Capital Equivalency Deposit (Appendices revised April 2002)	Jan. 2000		*

Guidelines B-8, B-12 and B-3 for reinsurance are now located under the heading Sound Business and Financial Practices

Prudential Limits and Restrictions			Bank	FBB	T&L	Coop	L&F	P&C
B-1	Prudent Person Approach	Jan. 1993	*		*	*	*	*
B-2	Large Exposure Limits	Dec. 1994	*	*	*
B-2	Large Exposure Limits	Aug. 2003					*
B-2	Investment Concentration Limit	Mar. 1994						*
B-3	Classification of Loans Guaranteed by Parent Bank	Apr. 1991	*
B-4	Securities Lending	Sept. 1996						*
B-4	Securities Lending	Feb. 1997					*
B-4	Securities Lending	Sept. 1996	*	*	*	*
B-5	Asset Securitization	Nov. 2004				*	*	*
B-5A	Asset Securitization	Jan. 2000		*
B-6	Liquidity	Feb. 2012	*		*
B-7	Derivatives Best Practices	May 1995	*	*	*	*	*	*
B-9	Earthquake Exposure Sound Practices	Feb. 2013						*
B-10	Outsourcing of Business Activities, Functions and Processes	Mar. 2009	*	*	*	*	*	*
B-11	Pledging	May 2003	*		*	*	*	*
E-2	Commercial Lending Criteria	Jun. 1992			*	*	*
E-2A	Commercial Lending Restrictions - Foreign Life & Foreign Fraternals	Sept. 1993					*
E-6	Draft Materiality Criteria for Related Party Transactions	Aug. 2008	*		*	*	*	*
E-6	Materiality Criteria for Related Party Transactions	Oct. 1993					*
E-6	Materiality Criteria for Related Party Transactions	Dec. 1993						*
E-6	Materiality Criteria for Related Party Transactions	May 1999	*		*	*

Accounting			Bank	FBB	T&L	Coop	L&F	P&C
C-1	C-1 Impairment - Sound Credit Risk Assessment and Valuation Practices for Financial Instruments at Amortized Cost	July 2010	*	*	*	*	*	*
C-5	C-5 Collective Allowances - Sound Credit Risk Assessment and Valuation Practices for Financial Instruments at Amortized Cost	July 2010	*	*	*
D-1	Annual Disclosures	July 2010	*	*	*	*
D-1A	Annual Disclosures	July 2010					*
D-1B	Annual Disclosures	July 2010						*
D-5	Accounting for Structured Settlements	July 2010						*
D-6	Derivatives Disclosure	July 2010	*	*	*	*	*	*
D-9	Source of Earnings Disclosure (Life Insurance Companies)	July 2010					*
D-10	Accounting for Financial Instruments Designated as Fair Value Option	July 2010	*	*	*	*	*	*

Guideline E-1 is now located under Other Application Guides
Guidelines E-2, E-2A and E-6 are now located under Prudential Limits and Restrictions
Guidelines E-4, E-5, E-10, E-12, E-13, E-14 and E-15 are now located under Sound Business and Financial Practices

Sound Business and Financial Practices Bank FBB T&L Coop L&F P&C

Corporate Governance Guideline Jan. 2013 * * * * * *

B-3 B-3 Sound Reinsurance Practices and Procedures Dec. 2010 * *

B-8 Deterring & Detecting Money Laundering Dec. 2008 * * * *

B-12
Guideline - Interest Rate Risk (IRR) Management
Feb. 2005 * *

B-20 Residential Mortgage Underwriting Practices and Procedures
June 2012 * * * * * *

E-4A Role of the Canadian Chief Agent & Record Keeping Requirements
Nov. 1992

Revised Dec. 2009
* *

E-4B Role of the Principal Officer and Record Keeping Requirements Nov. 2005 *

E-5 Retention/Destruction of Records May 1993 *

E-10 Use of Depositories by Insurance Companies Dec. 1996 * *

E-12 Inter-segment Notes for Life Insurance Companies July 2010 *

E-13 Legislative Compliance Management (LCM) Guideline Mar. 2003 * * * * * *

E-14 Role of the Independent Actuary
Jan.2004

Revised Dec. 2009
*

E-15
Appointed Actuary: Legal Requirements, Qualifications and Peer Review
Sept. 2012 * *

E-16
Participating Account Management and Disclosure to Participating Policyholders and Adjustable Policyholders
Nov. 2011 *

E-17
Background Checks on Directors and Senior Management of FREs
Feb 2008 * * * * * *

E-18
Stress Testing
Dec. 2009 * * * * *

E-19
Own Risk and Solvency Assessment (ORSA) - Draft
Dec. 2012 * *

E-19
Internal Capital Adequacy Assessment Process (ICAAP)
Oct. 2010 * *

Standards of Sound Business and Financial Practices for Life Insurance Companies

F1-F12
Rescinded August 22, 2005 - Letter
Standards F1 - F12 for reference only

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Tel: (613) 990-7788
Fax: (613) 952-8219
E-mail: information@osfi-bsif.gc.ca

Last updated: 2013-05-22	Important Notices