Office of the Superintendent of Financial Institutions — OSFI — has launched a new standardized approach to the way it releases regulatory guidance.
Effective August 22, 2024, OSFI started releasing regulatory guidance for that quarter all on one day. The new process includes a media briefing and a stakeholder briefing followed two weeks later by a virtual “industry day” where OSFI will discuss its initiatives in greater depth, and stakeholders can ask questions or share comments on those initiatives. Registration is open to all.
OSFI’s new approach is intended to make the organization’s guidance work more predictable and transparent, and streamline its releases of regulatory guidance and the timing of information sessions.
