Modernizing how we collect data from institutions
OSFI is leading the Data Collection Modernization (DCM) project in partnership with the Bank of Canada and the Canada Deposit Insurance Corporation.
The Data Collection Modernization initiative
The DCM project (May 2023 to April 2028) aims to:
- modernize the regulatory data collection technology platform
- advance key data initiatives and improve data quality
Together these efforts will help better manage regulatory reporting workload over time.
Industry engagement with a diverse group of stakeholders is critical to the success of DCM. Initially, we built awareness. Now, we are preparing and enabling federally regulated institutions (institutions) and pension plans to implement DCM initiatives.
Modernizing technology platform
The new platform will be live in 2026. Institutions and pension plans will find it easy to use, even during peaking filing periods. Their user experience will be better.
Click here to see our phased approach to onboard institutions and pension plans between fall 2026 to spring 2028.
Modernizing data collection
We are taking a thoughtful, balanced, and collaborative approach to advance data priorities. By early 2026, we will share a roadmap, outlining timelines for industry engagements on strategic data initiatives, refining potential existing returns.
The three strategic priorities are:
- transition securities holdings to structured data collection return
- transition real estate secured lending to structured data collection return
- refine the collection and quality of non -retail credit risk
DCM Industry Engagement progress and coming up next
We are working with stakeholders at senior and working levels in a thoughtful, balanced and collaborative manner. Figure 1 displays our touchpoints with the industry associations, institutions and pension plans. Initially (2023- early 2025), we built awareness and relationships. Between now and April 2028, we are preparing and supporting stakeholders to participate in the implementation of the DCM initiatives.
Figure 1 - Text version
We use a variety of communication tactics to engage with a variety of stakeholders. Our journey includes:
- raising industry awareness about the DCM project and building relationships (this took place between summer of 2023 and 2025)
- driving alignment on DCM goals with senior leaders of key institutions (this occurred between June and December of 2025)
- involving stakeholders to gather their feedback on the implementation plans (this will continue throughout 2026)
Mark your calendars
- On February 12, 2026, we will host a DCM overview session for data reporting teams at institutions and pension plans.
- Spring 2026: we will host a DCM webinar.
Further details will be shared in advance.
We invite institutions and pension plans to email us to express their interest in joining the technology small working groups.
Communication to institutions and pension plans
Stay connected
If you have questions about the DCM initiative, please email dcm-mcd@osfi-bsif.gc.ca.