Basics of guidance
Why we develop guidance
Guidance outlines best practices that OSFI expects financial institutions to follow. The guidelines and advice we provide set standards for industry activities and behavior.
Our guidance helps financial institutions manage their risk in a responsible way that supports their safety and soundness.
How we develop guidance
We use a variety of methods to develop guidance that is relevant and useful to address risks without placing an unreasonable burden on industry.
These include:
- Active monitoring of existing and emerging risks
- Consulting with, and seeking feedback from, partners, stakeholders, and industry
- Researching the latest developments in regulatory activity and approaches
- Working with international partners to learn and develop best practices
Find opportunities to provide your feedback in our Consultation section.
Types of guidance we provide
- Guidelines - outline expectations for financial institutions
- Consultations - seek input from stakeholders on regulatory expectations
- Policy papers - analyze policy issues for the purposes of consultation
- Letters and industry notices - highlight issues or outlines expectations
- Pensions guidance - outline expectations for pension plans
We work constantly to ensure our guidance remains up-to-date and fit-for-purpose.
Learn more about why we provide guidance.
See applicable acts and regulations.