OSFI Updates Manual of Reporting Forms and Instructions

For deposit-taking institutions, changes have been made to the Financial Information Committee (FIC) regulatory forms and instructions. effective for 2022 filing:

• Mortgage Loans Report (E2)
• Interest Rate Risk (I3)
• Standardized Institutions Risk Asset Portfolio Information—RAPID1 (RAPCORP)
• IRB Credit Data Wholesale Transaction (BF)
• IRB Credit Data Wholesale Transaction Defaulted and Fully Resolved (BG)
• Wholesale IRB Credit Parameter Data Call (DT3)—New (replacing BP filing)
• Retail IRB Credit Parameter Data Call (DT4)—New (replacing BO filing)
• Basel Capital Adequacy Return (BCAR) (BA)—Instructions only
• Interbank and Major Exposures Return (EB/ET)
• Balance Sheet by Booking Location (Z4)
• Collateral and Pledging Report (H4)
• Geographic Assets & Liabilities Booked Outside Canada (GR) (to follow)
• Geographic Assets & Liabilities Booked in Canada (GQ) (to follow)

As part of this year’s annual housekeeping cycle, the Bank of Canada is also implementing a recurring metadata ad hoc data collection for domestic systemically important banks (D-SIBs) as a pilot project effective January 2022. By the end of 2022, a decision will be made on whether this new ad hoc data collection will become an official regulatory return or will be discontinued. Additionally, for Canadian mortgage insurance companies, OSFI has made minor changes to the manual of reporting forms and instructions; this includes changes to Section I on introduction, Section IV on detailed instructions, and Section V on jurisdictional requirements of the MI instructions effective for 2021. No changes have been made to the MI Annual Supplement (MI2) or Quarterly Return (MI1) for the fourth quarter 2021 or the first quarter of 2022. No changes have been made to the Mortgage Insurers Capital Adequacy Test (MICAT) instructions or the MICAT Quarterly Return effective first quarter of 2022. OSFI is also requesting Canadian mortgage insurance companies to file a copy of their annual Business Plan (OSFI-640) via the Regulatory Reporting System no later than 60 days after the fiscal year-end. The Business Plan should include a forecast of the Balance Sheet and the Mortgage Insurance Capital Adequacy Test as at year-end 2022 as well as the Income Statement for 2022. 

Related Links

• Statement on Lifting of Restrictions on Capital Distributions
• Remarks of Superintendent Peter Routledge
• Notification on Reporting Forms and Instructions for D-SIBs
• Manual of Reporting Forms and Instructions for D-SIBs
• Notification on Reporting Forms and Instructions of Insurers
• Manual of Reporting Forms and Instructions for Insurers

Keywords: Americas, Canada, Banking, Reporting, COVID-19, Mortgage Insurance, Dividend Distribution, Basel, BCAR, D-SIBs, Credit Risk, Interest Rate Risk, IRB Approach, Standardized Approach, OSFI