Stay on top of the fast-changing federal banking rules with this
guide to the legislation and policy, written by practitioners, for
practitioners. Features include:
- Full text of the federal Bank Act and related regulations
- Complete set of updated and revised OSFI Guidelines and
Policy Statements
- Editorial notes throughout, on the effective dates of new
and proposed legislation and highlights from the new regulations, guidelines
and other key documents
- Summary of reporting and notice requirements – for
quick reference to your obligations
- Finding tools – Table of Concordance to our other
federal financial statutes, the former Bank Act and the Canada Business
Corporations Act, together with a detailed Table of Contents and comprehensive
index offering instant access to the entire contents.
- Summary of Reporting and Notice Requirements
New in this edition:
- Revised Guideline B-10 - Outsourcing of Business Activities,
Functions and Processes (March 2009)
- Draft Guideline E-6 - Materiality Criteria for Related Party
Transactions (August 2008)
- Revised Guideline D-1 – Annual Disclosures (February
2009)
- Revised Guideline D-6 – Derivatives Disclosure (February
2009)
- Revised Guideline B-8 – Deterring and Detecting Money
Laundering and Terrorist Financing (December 2008)
- Letter on International Financial Reporting Standards –
Progress Review (October 2008)
- New Advisories associated with OSFI guidelines: Capital
Treatment of Reverse Mortgages (May 2009); Enhancing Flexibility and
Maintaining Capital Strength (November 2008); Innovative Tier 1 Instruments
(December 2008); Innovative Tier 1 and Other Capital Clarifications –
Revised Version (December 2008); Securitization – Expected Practices
(October 2008); Normal Course Issuer Bids in the Current Environment (October
2008)
- New Regulatory and Legislative Advisory: 2008-1 –
Undertaking for the Sharing of Information with Insurers (August 2008)
- New Rulings: Insurance Promotion on a Bank's Website
(2009-02); Directors of Federally Regulated Entities – Agent of a Crown
Corporation (2009-01); Alternate Name – Use of a Trade Name (2008-05);
Investments – Financial Services Entity (2008-04)
- Updated Bank of Canada Rules Governing Advances to Financial
Institutions (November 2008)
- Updated Financial Consumer Agency of Canada Bank Branch
Closure Meeting Rules
- Updated Transaction Instructions for applicants seeking
approval under the Bank Act
- Updated Reporting Requirements for Financial Institutions
(January 2009).
The legislation and materials in this edition are current to
October 28, 2009. The portions of the Bank Act that have been passed but not
proclaimed in force as of October 28, 2009, have been included in shaded
text.
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