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OSFI Releases Draft Guideline B-13 on Technology and Cyber Risk Management

Canada - November 26 2021 On November 9, 2021, Canada’s Office of the Superintendent of Financial Institutions (“OSFI”) launched a public consultation on the newly released…

Andrew S. Cunningham

Financial Services Innovation in Ontario: FSRA Releases its Consultation Document

Canada - November 11 2021 On October 21, 2021, the Financial Services Regulatory Authority of Ontario (FSRA) released a 35-page consultation document (“Consultation Document”)…

Andrew S. Cunningham

Fair Treatment of Customers: Results Released from the CCIR’s Cooperative Reviews of Canadian Insurers

Canada - November 1 2021 The Canadian Council of Insurance Regulators (“CCIR”) has released its Fair Treatment of Customers (“FTC”) Consolidated Observations Report (the…

Andrew S. Cunningham

Alberta Introduces Captive Insurance Company Legislation

Canada - October 27 2021 A captive is an insurance company established by a single shareholder or group of related shareholders, and which typically insures only the risks of…

OSFI Tightens Technology and Cybersecurity Incident Reporting Requirements for FRFIs

Canada - September 1 2021 The updated Technology and Cyber Security Incident Reporting Advisory (“New Advisory”) replaces the OSFI advisory that has been in effect since March…

Andrew S. Cunningham, Shawn Smith