How OSFI guidance aligns with our mandate

Our policy review ensures that OSFI-issued guidance supports our mandate of promoting the financial soundness, integrity and security of federally regulated financial institutions. The table below lists our guidance as it relates to our mandate, as well as its scope of application by sector. (For guidance on private pension plans, please see Administering pension plans).

List of guidance as it aligns with OSFI’s mandate and sectors

Title Financial risk Integrity & security Banks FBB T&L L&F P&C
Accounting for Structured Settlements True True
Alternative Method for Life Insurance Companies that Determine the Segregated Fund Guarantee Capital Requirement Using Prescribed Factors True True
Appointed Actuary: Legal Requirements, Qualifications and Peer Review – Guideline (2023) True True True
Asset Securitization by Foreign Bank Branches True True
Asset Securitization - Guideline (2018) True True True
Assurance on Capital, Leverage and Liquidity Returns - Guideline (2022) True True True True True
Background Checks on Directors and Senior Management of FREs – Guideline (2008) True True True True True True
Capital Adequacy Requirements (CAR) (2024) - Chapter 1 – Overview of Risk-based Capital Requirements True True True
Capital Adequacy Requirements (CAR) (2024) - Chapter 2 – Definition of Capital True True True
Capital Adequacy Requirements (CAR) (2024) - Chapter 3 – Operational Risk True True True
Capital Adequacy Requirements (CAR) (2024) - Chapter 4 – Credit Risk – Standardized Approach True True True
Capital Adequacy Requirements (CAR) (2024) - Chapter 5 – Credit Risk – Internal Ratings-Based Approach True True True
Capital Adequacy Requirements (CAR) (2024) - Chapter 6 – Securitization True True True
Capital Adequacy Requirements (CAR) (2024) - Chapter 7 – Settlement and Counterparty Risk True True True
Capital Adequacy Requirements (CAR) (2024) - Chapter 8 – Credit Valuation Adjustment (CVA) Risk True True True
Capital Adequacy Requirements (CAR) (2024) - Chapter 9 – Market Risk True True True
Capital Adequacy Requirements (CAR) - Guideline (2024) True True True
Capital Disclosure Requirements True True True
Clarification on the Treatment of Innovative Real Estate Secured Lending Products under Guideline B-20 True True True True True True
Classification of Loans Guaranteed by a Parent of the Bank True True
Climate Risk Management True True True True True
Commercial Lending Criteria True True True
Commercial Lending Restrictions - Foreign Life Insurance Companies and Foreign Fraternal Benefit Societies True True
Corporate Governance – Guideline (2018) True True True True True
Deferral of IFRS 9 Application for Federally Regulated Life Insurers True True
Derivatives Sound Practices – Guideline (2014) True True True True True True
Earthquake Exposure Sound Practices - Guideline (2013) True True
Enterprise-Wide Model Risk Management for Deposit-Taking Institutions - Guideline (2017) True True True
External Audit Quality Initiatives - Deposit-taking institutions True True True True
External Audit Quality Initiatives – Insurers True True True
Foreign Bank Branch Deposit Requirement True True
Foreign Entities Operating in Canada on a Branch Basis – Guideline (2021) True True True True
Global Systemically Important Banks – Public Disclosure Requirements True True
IFRS 9 Financial Instruments and Disclosures True True True True True True
Infosheet - Residential Mortgage Underwriting Practices and Procedures Guideline (B-20) True True True True True True
Interest Rate Risk Management - Guideline (2019) True True True
Interim arrangements for the regulatory capital and liquidity treatment of cryptoasset exposures True True True True True True
Internal Capital Adequacy Assessment Process (ICAAP) for Deposit-Taking Institutions – Guideline (2010) True True True
Investment Concentration Limit for Property and Casualty Insurance Companies True True
Large Exposure Limits - 1994 True True True True
Large Exposure Limits - 2003 True True
Large Exposure Limits for Domestic Systemically Important Banks – Guideline (2019) True True True True
Leverage Ratio Disclosure Requirements True True True
Leverage Requirements - Guideline (2023) True True True
Life Insurance Capital Adequacy Test Public Disclosure Requirements True True
Life Insurance Capital Adequacy Test (2023) - Chapter 10 Credit for Reinsurance True True
Life Insurance Capital Adequacy Test (2023) - Chapter 1 Overview and General Requirements True True
Life Insurance Capital Adequacy Test (2023) - Chapter 11 Aggregation and Diversification of Risks True True
Life Insurance Capital Adequacy Test (2023) - Chapter 12 Life Insurers Operating in Canada on a Branch Basis True True
Life Insurance Capital Adequacy Test (2023) - Chapter 2 Available Capital True True
Life Insurance Capital Adequacy Test (2023) - Chapter 3 Credit Risk – On-Balance Sheet Items True True
Life Insurance Capital Adequacy Test (2023) - Chapter 4 Credit Risk - Off-Balance Sheet Activities True True
Life Insurance Capital Adequacy Test (2023) - Chapter 5 Market Risk True True
Life Insurance Capital Adequacy Test (2023) - Chapter 6 Insurance Risk True True
Life Insurance Capital Adequacy Test (2023) - Chapter 7 Segregated Fund Guarantee Risk True True
Life Insurance Capital Adequacy Test (2023) - Chapter 8 Operational Risk True True
Life Insurance Capital Adequacy Test (2023) - Chapter 9 Participating and Adjustable Products True True
Life Insurance Capital Adequacy Test - Guideline (2023) True True
Life Insurance Capital Adequacy Test – Guideline (2025) True True
Life Insurance Capital Adequacy Test (2025) – Chapter 1 Overview and General Requirements True True
Life Insurance Capital Adequacy Test (2025) – Chapter 2 Available Capital True True
Life Insurance Capital Adequacy Test (2025) – Chapter 3 Credit Risk – On-Balance Sheet Items True True
Life Insurance Capital Adequacy Test (2025) – Chapter 4 Credit Risk – Off-Balance Sheet Activities True True
Life Insurance Capital Adequacy Test (2025) – Chapter 5 Market Risk True True
Life Insurance Capital Adequacy Test (2025) – Chapter 6 Insurance Risk True True
Life Insurance Capital Adequacy Test (2025) – Chapter 7 Segregated Fund Guarantee Risk True True
Life Insurance Capital Adequacy Test (2025) – Chapter 8 Operational Risk True True
Life Insurance Capital Adequacy Test (2025) – Chapter 9 Participating and Adjustable Products True True
Life Insurance Capital Adequacy Test (2025) – Chapter 10 Credit for Reinsurance True True
Life Insurance Capital Adequacy Test (2025) – Chapter 11 Aggregation and Diversification of Risks True True
Life Insurance Capital Adequacy Test (2025) – Chapter 12 Life Insurers Operating in Canada on a Branch Basis True True
Liquidity Adequacy Requirements (LAR) (2023) Chapter 1 – Overview True True True
Liquidity Adequacy Requirements (LAR) (2023) Chapter 7 – Intraday Liquidity Monitoring Tools True True True
Liquidity Adequacy Requirements (LAR) (2023) Chapter 2 – Liquidity Coverage Ratio True True True
Liquidity Adequacy Requirements (LAR) (2023) Chapter 3 – Net Stable Funding Ratio True True True
Liquidity Adequacy Requirements (LAR) (2023) Chapter 4 – Net Cumulative Cash Flow True True True
Liquidity Adequacy Requirements (LAR) (2023) Chapter 5 – Operating Cash Flow Statement True True True
Liquidity Adequacy Requirements (LAR) (2023) Chapter 6 – Liquidity Monitoring Tools True True True
Liquidity Adequacy Requirements (LAR) (2025) Chapter 1 – Overview True True True
Liquidity Adequacy Requirements (LAR) (2025) Chapter 3 – Net Stable Funding Ratio True True True
Liquidity Adequacy Requirements (LAR) (2025) Chapter 4 – Net Cumulative Cash Flow True True True
Liquidity Adequacy Requirements (LAR) (2025) Chapter 7 – Intraday Liquidity Monitoring Tools True True True
Liquidity Adequacy Requirements (LAR) (2025) Chapter 2 – Liquidity Coverage Ratio True True True
Liquidity Adequacy Requirements (LAR) (2025) Chapter 6 – Liquidity Monitoring Tools True True True
Liquidity Adequacy Requirements (LAR) - Guideline (2023) True True True
Liquidity Adequacy Requirements (LAR) - Guideline (2025) True True True
Liquidity Principles – Guideline (2020) True True True
Margin Requirements for Non-Centrally Cleared Derivatives – Guideline (2020) True True True True True True
Minimum Capital Test - Guideline (2024) True True
Modification to the Capital Floor Transition schedule in Chapter 1 of the Capital Adequacy Requirements (CAR) guideline True True True
Mortgage Insurer Capital Adequacy Test - Guideline (2024) True True
Net Stable Funding Ratio Disclosure Requirements – Guideline (2019) True True
Operational Risk Management and Resilience – Guideline True True True True True True
OSFI’s Intelligence-led Cyber Resilience Testing (I-CRT) Framework True True True True True True
Outsourcing of Business Activities, Functions and Processes True True True True True True
Own Risk and Solvency Assessment True True True
Parental Stand-Alone (Solo) Capital Framework for Federally Regulated Life Insurers (2024) True True
Parental Stand-Alone (Solo) Capital Framework for Federally Regulated Life Insurers (2025) True True
Parental Stand-Alone (Solo) TLAC Framework for Domestic Systemically Important Banks (D-SIBs) True True
Participating account management and disclosure to participating policyholders and adjustable policyholders – Guideline (2023) True True
Pillar 3 Disclosure Expectations True True True
Pillar 3 Disclosure Guideline for Domestic Systemically Important Banks (D-SIBs) - Guideline (2022) True True True
Pillar 3 Disclosure Guideline for Small and Medium-Sized Deposit-Taking Institutions (SMSBs) True True True
Pillar 3 Disclosure Guideline for Domestic Systemically Important Banks (D-SIBs) - Guideline (2024) True True True
Pillar 3 Disclosure Guideline for Small and Medium-Sized Deposit-Taking Institutions (SMSBs) - Guideline (2024) True True True
Pledging True True True True True
Property and Casualty Large Insurance Exposures and Investment Concentration True True
Prudent Person Approach True True True True True
Public Disclosure Requirements for Domestic Systemically Important Banks on Liquidity Coverage Ratio True True
Recognition of Hedge Contracts in the Determination of the Segregated Fund Guarantee Capital Requirement for Life Insurance Companies True True
Regulatory Capital and Internal Capital Targets (2023) True True True
Regulatory Capital and Internal Capital Targets (2025) True True True
Regulatory Compliance Management (RCM) – Guideline (2014) True True True True True True
Reinforcing residential mortgage risk management practices True True True True True True
Residential Mortgage Insurance Underwriting Practices and Procedures – Guideline (2019) True True
Residential mortgage underwriting practices and procedures – Guideline (2017) True True True True True True
Revised Covered Bond Limit Calculation True True True
Revised Guidance for Companies that Determine Segregated Fund Guarantee Capital Requirements Using an Approved Model True True
Revised Regulatory Notice on Commercial Real Estate Lending True
Role of the Independent Actuary True True
Securities Lending Deposit-taking institutions - Guideline (1996) True True True True
Securities Lending – Life insurance companies - Guideline (1997) True True
Securities Lending - Property and Casualty Insurance Companies - Guideline (1996) True True
Securitization – Large Exposure Issues Pertaining to Liquidity Support Facilities True True True True True
Settlement Risk in Foreign Exchange Transactions – Guideline (2013) True True True
Sound Reinsurance Practices and Procedures – Guideline (2025) True True True
Sound Reinsurance Practices and Procedures – Guideline (2010) True True True
Stress Testing – Guideline (2009) True True True True True
Supplementary Guidance for The Treatment Of Participating Insurance in Guideline A: Life Insurance Capital Adequacy Test True True True
Supplementary Information for Life Insurance Companies that Determine Segregated Fund Guarantee Capital Requirements Using an Approved Model – Revised Version True True
Technology and Cyber Risk Management True True True True True True
Technology and Cyber Security Incident Reporting True True True True True True
Third-Party Risk Management Guideline True True True True True True
Total Loss Absorbing Capacity (TLAC) Disclosure Requirements – Guideline (2018) True True True
Total Loss Absorbing Capacity (TLAC) – Guideline (2018) True True True
Use of Internal Models for Determining Required Capital for Segregated Fund Risks (LICAT) True True
Date modified: