| Change description (General) |
Change description (Detailed) |
| Clarification of the scope of asset classes in Physical Risk Returns (DC1) |
DC1 - Physical Risk Returns:
- Clarified that the scope of instruments covered by the Physical Risk DC1 returns is limited to on-balance sheet items: Loans and Securities.
- Clarified that the following asset classes are not covered by the Physical Risk DC1 returns: Guarantees and Letters of credit, Counterparty Credit Risk Exposures such as Derivatives, Securities financing transactions, Repo-style exposures, and CVA exposures.
DC1 Technical Specifications – “Data Fields” tab:
- Updated the description for “Number of Assets” to include "Securities" in addition to “Loans”.
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| Clarification of the definition of the “Securitization” asset class |
DC1 - Physical Risk Returns:
- Clarified that the “Securitization” asset class exposures are based on securitization exposure reported in BCAR.
- Clarified that FRFIs should use the notional amount from BCAR schedules or securitization exposure if no notional amount exists.
- Clarified that reported figures must reflect the obligor’s exposure to climate risk.
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| Clarification of the definition of the “Equity Investment in Fund – Public/Private Equity” asset classes |
- Clarified that the “Equity investment in fund – Public/Private Equity" asset classes in the DC1 - Physical Risk Returns and “Equity investment in fund - Public Equity” in the DC2- Transition Risk Returns include only on-balance sheet investments.
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| Addition of a new data field and a reference table to specify the approach to credit risk used by the FI |
DC1 Technical Specifications – “Template” tab:
- Added new data field “approach_to_credit_risk”
DC1 Technical Specifications – “Reference Data” tab:
- Added reference Table C-Approach to Credit Risk.
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| Clarification of the definition of “Exposure Weighted Average |
DC1 Technical Specifications – “Data Fields” tab:
- Clarified that in "Weighted Average" calculations, the exposure-weighted values are calculated using the outstanding balance as the weighting factor.
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| Clarification of the scope of asset classes in Transition Risk Returns (DC2) |
DC2 - Transition Risk Returns:
- Clarified that the scope of instruments covered by the Transition Risk DC2 returns is limited to on-balance sheet items: Loans and Investments.
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| Update Field Applicability Matrices |
DC2-B Field Applicability Matrices:
- Greyed out “Other Retail- Auto Loans” and “Reverse mortgage” (as Credit Quality is not applicable for these asset classes).
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| Update Technical Specifications |
DC2: Technical Specifications - “Data fields” tab:
- Clarified that in the DC2 Technical Specs the term “effective maturity” in the definition of “Weighted Average Remaining Maturity” refers to the remaining maturity of the contract for standardized DTIs, not the effective maturity used in IRB RWA calculations.
- Clarified the definitions of “Balance_5_maturity” and “Balance_10_maturity” to specify how balances with exactly 5 and 10 years of maturity are treated.
- Updated the definition of "Weighted Average Counterparty Data Quality Score" to ensure consistency with the business specifications provided on OSFI’s website.
- Updated the definition of "Asset Balance" to clarify that the applicable amount outstanding refers to the on-balance sheet amount.
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| Update to DC2-Sample Return |
DC2-Sample Return:
- Asset classes in the sample DC2 return have been updated to match the list of required asset classes per the corresponding Business Specifications.
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| Update to Business Specifications for DTIs (Appendix III – Sectors); and Business Specifications for Insurers (Appendix IV – Sectors) |
Business Specifications for DTIs and Insurers:
- Updated industry classification Code 23 (NAICS 53): Changed from “Real estate” to “Real estate and rental and leasing.”
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| Update to Business Specifications for DTIs and Insurers: Standardized Reporting Format |
Financial figures:
- Updated standardized reporting format such that all financial figures (loan balances, investment security values, etc.) must be reported in CAD or CAD Equivalent without decimals and without commas, unless otherwise specified.
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| Clarify definition of Total Insured Value (TIV) |
TIV – Physical Risk Returns for Insurers (IC1):
- Clarified that a breakdown of TIV by category is not required.
- Clarified that for commercial property: report the total TIV, including Building, Content, and Business Interruption.
- Clarified that for Personal Property: Property & Casualty (P&C) insurers may report either the total TIV figure or only the Building TIV, depending on data availability.
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| Update to Technical Specifications for Insurers |
- Deleted a duplicate column for data field “net_pml_flood_1_250” from the “Template” tab.
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| Update to Business Specifications for Insurers: Sub-Tables: IC2-A, IC2-B; IC2 Technical Specifications: Table B; IC2 Sample Returns Updates |
Business Specifications for Insurers:
- Removed “Short Term Investments” as an asset class.
- This change reduces the total number of asset class codes from 10 to 9.
- The IC2 Sample Returns have been updated to reflect this adjustment.
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| Various updates to French version of CRR documents |
- Updated French terminology:
- 'Assurance des biens meubles' to 'Assurance des biens des particuliers.'
- Updated 'Le code « 6 » est réservé aux réassureurs' to 'Ce champ est réservé aux réassureurs.'
- Removed duplicate data fields from the IC2 return Tech Specification Excel file.
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