Revised processes performed by a Local Registration Authority in the Regulatory Reporting System
Information
The Bank of Canada’s implementation of BoC Connect earlier this year included improvements to the processes performed by Local Registration Authorities (LRAs).
LRAs are the first point of contact for BoC Connect and Regulatory Reporting System (RRS) users within their organization. LRAs are responsible for managing user profile accounts for their organization, and, as needed, are the primary contact for the Bank of Canada’s support personnel.
LRAs can now generate requests for the Bank of Canada Business Application Support team to:
- create new BoC Connect user profiles;
- change or remove the access to RRS for existing user profiles; and
- assign a user to act as an LRA.
They can also view/update existing user profile information and unlock user profiles when a user has been locked out due to five unsuccessful password entries. These functions no longer require you to contact the Bank of Canada.
Step-by-step instructions on processes that can be performed by an LRA on behalf of an organization may be found in the BOC Connect LRA Guide, located in the Documents section of RRS, or on OSFI’s website. For further assistance, please contact the Bank of Canada at 1-855-865-8636 and follow the instructions to reach RRS Support.