Transaction instructions

Before engaging in certain activities, financial institutions need to apply for regulatory approval under federal acts that the Office of the Superintendent of Financial Institutions (OSFI) is responsible for. To make our process as transparent as possible and improve our assessment times, we’ve created transaction instructions to tell you what information we need to assess your application.

If you provide all the information we request, you can expect a more timely assessment of your application. We may request more information, if needed.

Incorporation and continuance guides

For more detailed instructions for incorporation or continuance, please refer to the following guides:

• Incorporating banks and federally regulated trust and loan companies
• Incorporating federally regulated insurance companies
• Continuing a body corporate as a bank or a federally regulated trust or loan company
• Continuing a local cooperative credit society as a federal credit union