Page 4 - Draft Guideline News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Autorité des marchés financiers (“AMF”) recently released a draft version of its Incentive Management Guideline (“Draft Guideline”), which applies to Québec-regulated insurers,...

On November 9, 2021, the Office of the Superintendent of Financial Institutions (OFSI) launched a three-month public consultation on the Draft Guideline B-13: Technology and Cyber Risk...

that branches must prepare and maintain regarding their business in Canada (the " Canadian Records"). OSFI expects the Canadian Records to be "updated and accurate as at the end of each business day," and that the Canadian Records will be sufficiently detailed to enable: OSFI to conduct an examination and inquiry into the branch's business; OSFI to manage the branch's assets, prior to the appointment of a liquidator, should the Superintendent take control of the branch's assets in Canada; and The liquidator to conduct an effective liquidation of the branch's assets in Canada. Guideline E-4 sp...

In a statement issued by the Superintendent released on July 13, 2020, OSFI signalled a gradual restart of OSFI's policy development work in the fall of 2020. On August 31, 2020, OSFI announced in a series of letters issued to industry that it would unwind certain of the temporary measures put in place at the beginning of the pandemic, including a gradual phaseout of the special capital treatment of loan and insurance premium payment deferrals that was provided to banks and insurers. On December 12, 2020, OSFI announced that the domestic stability buffer would remain at one per cent of total ...

On November 26, 2020, the Office of the Superintendent of Financial Institutions (" OSFI") issued for public comment a draft revised Guideline B-2, Property and Casualty Large Insurance Exposures and Investment Concentration (the " Draft Guideline") which would replace the current Guideline B-2, Investment Concentration Limit for Property and Casualty Insurance Companies (the " Current Guideline"). The significant changes to the Draft Guideline address single large insurance exposures of federally regulated property and casualty insurers (" P&C Insurers"). The Draft Guideline departs from a...