Rescinded guidance
Maintaining guidance that is no longer effective or fit-for-purpose means that unnecessary resources may be spent on focusing on compliance. Rescinding such guidance enables both OSFI and industry to focus on the right risks. Find out more about the background of this initiative.
Please contact information@osfi-bsif.gc.ca if you require a copy of rescinded guidance for reference purposes.
List of rescinded guidance
Guidance listed in the following table has been identified as outdated, redundant, or no longer fit-for-purpose. It will be rescinded and removed from the website by the specified effective rescission date.
| Title | Type | Rescinded |
|---|---|---|
| B-1 Prudent Person Approach (1993) | Guideline | April 1, 2025 |
| B-2 Investment Concentration Limit for Property and Casualty Insurance Companies (1994) | Guideline | April 1, 2025 |
| B-3 Sound Reinsurance Practices and Procedures (2010) | Guideline | April 1, 2025 |
| B-3 Classification of Loans Guaranteed by a Parent of the Bank (1991) | Guideline | April 1, 2025 |
| Capital Disclosure Requirements (revised 2018) | Guideline | April 1, 2025 |
| D-11 Public Disclosure Requirements for Domestic Systemically Important Banks on Liquidity Coverage Ratio (2014) | Guideline | April 1, 2025 |
| D-12 Leverage Ratio Disclosure Requirements (2018) | Guideline | April 1, 2025 |
| Data Maintenance at TSA & AMA Institutions (Implementation Note) (2006) | Advisory | April 1, 2025 |
| Deferral of IFRS 9 Application for Federally Regulated Life Insurers (2017) | Advisory | April 1, 2025 |
| E-5 Retention/Destruction of Records (1993) | Guideline | April 1, 2025 |
| External Audit Quality Initiatives – Deposit-taking Institutions (2014) | Advisory | April 1, 2025 |
| External Audit Quality Initiatives – Insurers (2014) | Advisory | April 1, 2025 |
| Global systemically important banks – Public disclosure requirements (2021) | Advisory | April 1, 2025 |
| IFRS 17 Transition and Progress Report Requirements for Federally Regulated Insurers (2018) | Advisory | April 1, 2025 |
| Oversight Expectations for TSA & AMA Institutions (2006) | Advisory | April 1, 2025 |
| Revised Guidance for Companies that Determine Segregated Fund Guarantee Capital Requirements Using an Approved Model (2010) | Advisory | April 1, 2025 |
| Securitization – Large Exposure Issues Pertaining to Liquidity Support Facilities (2005) | Advisory | April 1, 2025 |
| Supplementary Information for Life Insurance Companies that Determine Segregated Fund Guarantee Capital Requirements Using an Approved Model (2009) | Advisory | April 1, 2025 |
| Supplementary Guidance for the Treatment of Participating Insurance in Guideline A: LICAT (2020) | Advisory | April 1, 2025 |
| Value-at-Risk (VaR) Models Validation and Approvals of Model Modifications Capital Adequacy Requirements, Guideline A, Part II (Guidance Note 2001) | Advisory | April 1, 2025 |