The Reporter provides a monthly summary of Canadian federal legislative and regulatory developments of relevance to federally regulated financial institutions. It does not address Canadian provincial financial services legislative and regulatory developments, although this information is tracked by BLG and can be provided on request. In addition, purely technical and administrative changes (such as changes to reporting forms) are not covered.
June 2015
Institution |
Published |
Title and Brief Summary |
Status |
OSFI [Applicable to banks and |
Guide for Incorporating Banks and Federally
Regulated Trust and Loan Companies
|
Effective |
|
OSFI [Applicable to banks, cooperative credit associations, trust and
loan companies |
Related Party Transaction Instructions The Office of the Superintendent of Financial Institutions (OSFI) has revised the Transaction Instructions for related-party asset transactions to ensure they remain current and accurately reflect how OSFI processes such requests for approvals. |
Effective |
|
OSFI [Applicable to Banks, cooperative credit associations, trust and
loan companies |
Advisory 2015-01: Substantial Investments This Advisory provides an overview of how OSFI administers and interprets the substantial investment regimes set out in the FRFI statutes as well as related regulations. |
Effective |
|
OSFI |
Advisory 2006-01-R1: Legislative Framework for
Foreign Banks |
Effective |
|
BIS/Basel |
Net Stable Funding Ratio disclosure standards Disclosure requirements for the Net Stable
FundingRatio (NSFR) have been developed to
improve the transparency of regulatory funding requirements,
reinforce the Principles for sound liquidity riskmanagement and supervision, strengthen
market discipline, and reduce uncertainty in |
Banks will be required to comply with the disclosure
requirements |
|
Finance |
Published (Gazette) – June 17, 2015 |
Order Fixing the Day on which this Order is made
as the Day on which Certain Sections of the Act Come into Force
Economic Action Plan 2014 Act, No. 2 |
In Force June 4, 2015 |
Finance |
Published (Gazette) – June 17, 2015 |
Canadian Payments Association Reporting
Requirements Regulations Canadian Payments Act |
In Force June 4, 2015 |
Bank of Canada |
Issued |
Changes to Margin Requirements for the Bank of
Canada's Standing Liquidity Facility (SLF) |
Effective |
Bank of Canada |
Proposed Criteria and Risk-Management Standards
for Prominent Payment System - a Consultation Paper |
Comments should be provided by August 14, 2015 |
|
BIS/Basel |
Interest rate risk in the banking book –
Consultative document |
Comments should be provided no later than September 11, 2015 |
|
Finance |
Published (Gazette) – June 6, 2015 |
Regulations Amending the Insurable Housing Loan
Regulations
|
Interested persons may make |
BIS/Basel |
Developments in credit risk management across
sectors: current practices and recommendations |
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.