On Nov. 22, C-OSFI published updates to manual of reporting forms.
C-OSFI reported it published the 2023 annual update to the Manual of reporting forms and instructions for deposit-taking institutions, including foreign bank branches.
Changes to Financial information committee (FIC) regulatory forms and instructions.
Updated Forms and Instructions
Updated Basel capital adequacy return (BCAR), changes to market risk schedules, risk weights for Q1 2024; Market risk monthly data (BK)/Market risk quarterly data (BL).
Decommissioned the BK/BL returns and replaced with new Market risk unstructured monthly return (XLSX, 281 KB) (OSFI986), scheduled to become effective in Q1 2024.
Liquidity coverage ratio reporting (LA) – placeholders were added, effective Q1 2024.
Net stable funding ratio reporting (DT1) – placeholders added effective Q1 2024.
New Internal capital adequacy assessment process (ICAAP) return (OSFI943) – filed quarterly for Systemically important banks (SIBs), others annually, effective Q1 2024.
Final documents to be posted on OSFI’s website by the end of Nov.ember.
Assurance Attestations
Assurance attestations to be required to be filed for all capital, leverage and liquidity regulatory returns, via the Regulatory Reporting System (RRS), effective Q1 2024.
A cover page with senior management attestation and internal audit attestation was been added to each of the sample excel templates posted on OSFI’s website.
Quarterly unstructured filings created in participants' RRS draft folder, as applicable, for BCAR, Leverage requirements return (LRR), LA, Net cumulative cash flow (NCCF).
Additionally, for the Streamlined NCCF reporting andOperating cash flow statement.
Effectiveness
Changes and new reporting requirements effective Q4 2024.
