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OSFI releases updated guidance for financial institutions and pension plans

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October 20, 2023

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The Superintendent of Financial Institutions (OSFI) has announced a new supervisory framework, modernizing its guidance for Canada’s federally regulated financial institutions and pension plans.

“While the risk environment is changing, the role of the supervisor stays the same and our approach is still principles-based and forward-looking,” OFSI wrote in a post on its website regarding the updates to this guidance.  

The new framework will take effect in April 2024.

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