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.
February 2018
Institution |
Published |
Title and Brief Summary |
Status |
Bank for International Settlements |
Consultative Document: Pillar 3 disclosure
requirements - updated framework
Moreover, it proposes new disclosure requirements on asset encumbrance and capital distribution constraints. |
Comments should be provided by May 25, 2018. |
|
Payments Canada |
February 24, 2018 |
Payments Canada: Changes to Our Rules and Standards The following amendments were approved by Payments Canada's board of directors and the Department of Finance:
|
Effective |
OSFI [Banks, |
OSFI's Implementation Timeline for the Net Stable Funding Ratio ("NSFR") Based on implementation progress at the international level, OSFI has determined that it will target a revised NSFR implementation date for Canadian deposit-taking institutions. Relevant areas of the Liquidity Adequacy Requirements ("LAR") Guideline have been updated to reflect the domestic NSFR implementation delay. Until OSFI begins its public consultation process on the NSFR rules and issues a draft guideline for comment, the LAR Guideline will continue to contain placeholder text reflecting OSFI's commitment to implement the NSFR standard in Canada. |
Effective January 2020. |
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.