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Rapport sur la législation et la réglementation applicables aux institutions financières fédérales — février 2017

Le Reporter (publié en anglais seulement) est un sommaire mensuel de l'évolution des législations et réglementations internationales et fédérales canadiennes qui sont pertinentes pour les institutions financières de régime fédéral au Canada. Il ne traite pas de l'évolution législative ou réglementaire des services financiers provinciaux, bien que BLG suive de près tout changement dans ce secteur et puisse, sur demande, fournir de l'information à ce sujet. De plus, les modifications de nature purement technique et administrative (comme celles qui sont apportées aux formulaires de rapport) ne sont pas traitées.

February 2017



Title and Brief Summary



Published February 27, 2017

Statement on Administrative Monetary Penalty Policies

We are going to look to work with Finance Canada to review the legislation in relation to our penalty program. We are also examining our administrative monetary penalty policies to ensure, among other things, that they strike an appropriate balance between the need for transparency and the requirements of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.



[Applicable to Banks, Bank Holding Companies, Foreign Bank Branches, Trust and Loan Companies, Co-operative Credit Associations, Co-operative Retail Association, Life Insurance Companies, Property and Casualty Insurance Companies, Insurance Holding Companies]

Issued February 24, 2017

Guideline E-22 Margin Requirements for Non-Centrally Cleared Derivatives

In February of 2016, OSFI issued the final version of Guideline E-22 Margin Requirements for Non-Centrally Cleared Derivatives. Under this Guideline, most Federally Regulated Financial Institutions (FRFIs) meeting the definition of a covered entity (Covered FRFIs) are subject to the mandatory exchange of variation margin beginning on March 1, 2017.

For FRFIs transacting with counterparties that do not present a significant exposure to them, OSFI now expects those FRFIs to meet the variation margin requirements by no later than September 1, 2017.


Financial Stability Board (FSB)

Published February 10, 2017

Guidance on Central Counterparty (CCP) Resolution and Resolution Planning

The draft Guidance builds on the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes) which sets out a framework for resolution of financial market infrastructures (FMI).The Guidance covers a number of aspects of CCP resolution planning which authorities should consider when developing frameworks for resolving failing CCPs.

Comments should be provided by March 13, 201.


  • Par : Jeffrey S. Graham