Feb 2, 2021
OSFI provides guidance for the capital treatment of loans and BDC guarantees under the new Highly Affected
Sectors Credit Availability Program (HASCAP)
Jan 21, 2021
Join us for Part Two of McMillan's Automotive Industry Webinar Series
Nov 3, 2020
OSFI opens consultation for Draft Guideline E-4: Foreign Entities Operating in Canada on a Branch Basis, which will replace existing guidelines E-4A and E-4B.
Nov 3, 2020
OSFI opens consultation for Draft Guideline E-4: Foreign Entities Operating in Canada on a Branch Basis, which will replace existing guidelines E-4A and E-4B.
Aug 12, 2020
OSFI updates Federally Regulated Insurers on the implementation of the International Financial Reporting Standard
17 as policy work resumes.
Jul 22, 2020
Impacts on insurers from recent decision in which SCC upholds protections for privacy and autonomy through the Genetic Non-Discrimination Act
Jul 16, 2020
With conditions stabilizing across many parts of the country and economic recovery beginning, it is an appropriate time to resume policy work, details to come.
Jul 15, 2020
Bill 188 made significant amendments to PHIPA, which affect technology companies, and potentially insurers, who provide access to personal health information.
Apr 15, 2020
Further to OSFI's March 27 letter, OSFI announced more adjustments to existing capital requirements for banks and insurers to respond to the impacts of COVID-19
Mar 31, 2020
On March 27, 2020, OSFI announced a number of sector-specific measures to support federally regulated banks, insurers and private pension plans.
Feb 27, 2020
On January 1, 2020, The Insurance Act (“New Act”) and The Insurance Regulations (“New Regulations”) came into force in Saskatchewan, marking the first major overhaul to Saskatchewan’s insurance legislation in decades
Feb 26, 2020
An overview of the Advisory Committee on Open Banking's recent report entitled Consumer-directed finance: the future of financial services.
Feb 25, 2020
A summary of notable amendments to the federal Bank Act and Insurance Companies Act that Bill C-4 (CUSMA) will bring into force.
Jul 3, 2019
On June 19, 2019, the Standing Senate Committee on Banking, Trade and Commerce (“the Committee”) published a report on open banking entitled Open Banking
Jun 18, 2019
The Office of the Superintendent of Financial Institutions (OSFI) has indicated that Guideline B-20 is working, and that the associated “stress test” has improved the resilience of the Canadian financial system.
Jun 6, 2019
The Tax Court of Canada (the “Court”) recently confirmed that participation in certain reward and loyalty programs, such as Aeroplan, may have significant tax implications for Canadian banks, and other issuers of credit card products.
Apr 23, 2019
There are two levels of government that regulate insurers in Canada.
Apr 8, 2019
OSFI published the Technology and Cyber Security Incident Reporting Advisory, which sets out OSFI's expectations for reporting technology and cyber security incidents.
Mar 28, 2019
Banks in Canada have been continuously recognized as amongst the soundest and safest across the globe.
Feb 22, 2019
The concept of open banking is emerging internationally as the potential future of the banking industry
Feb 6, 2019
On January 24, 2019, the Office of the Superintendent of Financial Institutions (“OSFI”) published the Technology and Cyber Security Incident Reporting Advisory (the “Advisory”), which sets out OSFI’s expectations for reporting technology and cyber security incidents.
Jan 31, 2019
OSFI introduced the Late and Erroneous Filing Penalty ("LEFP") Framework in 2002 as a way to encourage timely and error-free filing.
Sep 5, 2018
As a result of the adoption of the Financial Sector Reform Act, several key pieces of legislation are amended or replaced entirely.
Aug 29, 2018
On August 17, 2018, the OSFI revised its transaction instructions relating to the consent and reporting obligations of FRFIs entering into transactions
Jun 1, 2018
The Canada chapter in Getting the Deal Through - Banking Regulation 2018 provides an overview of the regulations governing the banking industry in Canada
May 31, 2018
On May 3, 2018, the Canadian Council of Insurance Regulators ("CCIR") and the Canadian Insurance Services Regulatory Organizations ("CISRO") released a joint
May 16, 2018
Join us for an informative seminar where you will have an opportunity to network and learn more about the significant changes to construction law in Ontario starting in July and what impacts these changes will have on your business and the construction industry.
May 15, 2018
some of the most important interest rate provisions to be aware of
Apr 24, 2018
global financial crisis has led to significant regulatory changes (most notably in the areas of liquidity and capital) designed to reduce the risk of another global financial crisis occurring
Nov 29, 2017
Ransomware and its Spawns
Nov 9, 2017
The "20% rule": Quebec's New Bill 150 clarifies the distinction between damage insurance "agencies" and "brokerage firms"
Oct 18, 2017
Department of Finance publishes Second Consultation Paper with respect to its review of the Federal Financial Sector Framework and OSFI Suspends "Bank Words" Crackdown
Aug 24, 2017
Department of Finance publishes Second Consultation Paper with respect to its review of the Federal Financial Sector Framework and OSFI Suspends "Bank Words" Crackdown
Aug 21, 2017
Cybercrime Insurance Coverage Caselaw: Welcome to Canada?
Jun 27, 2017
Canada has a centrally regulated banking system with a focus on macroprudential regulation and stability of the financial system ...
Jun 22, 2017
Global Legal Insights - Banking Regulation
Jun 21, 2017
The Risk – Cyber attacks are considered one of the most serious risks your organisation faces and ransomware is a currently favoured variation (as evidenced by the recent ‘‘WannaCry'' cyber attack).
Apr 3, 2017
Bulk or no Bulk - the PPSA is always in style
Jan 9, 2017
Guideline E-23: The Draft Enterprise-Wide Risk Management Guideline
Nov 3, 2016
As organizations are increasing their investment in data safeguards, McMillan’s Privacy Group would like to help our clients understand their core privacy, data protection and cybersecurity obligations and related legal issues.
Sep 20, 2016
International Data Transfers to and from Canada
Aug 31, 2016
OSFI Extends Implementation Date for Pillar 3 Disclosure Requirements
Jul 14, 2016
OSFIs Final Guideline on ORM is Less Prescriptive and Levels the Playing Field
Jul 13, 2016
OSFI Publishes Letter regarding the Tightening of its Supervisory Expectations for Mortgage Underwriting
May 12, 2016
Updates to the Bail-In Regime: Depositor Accounts
May 10, 2016
Updates to the Bail-In Regime: Introduction of Bill C-15
Apr 26, 2016
Safeguarding Data Transfers of Federally Regulated Entities: Within Canada and Beyond
Apr 5, 2016
Budget 2016: Introduction of a Bail-in Regime
Apr 1, 2016
Budget 2016: Reporting of Grandfathered New Home Sales
Mar 10, 2016
Basel Committees New Standardised Measurement Approach: Best of Both Worlds?
Dec 23, 2015
Getting the Deal Through - Banking Regulation 2015, Canada chapter
Jun 14, 2015
An international consortium of financial institutions, financial services trade assns & insurance cos founded fTLD Registry Services, LLC to own .bank & .insurance gTLDs
May 9, 2015
The Federal Budget: What Financial Institutions Need to Know
Feb 15, 2015
Supreme Court of Canada upholds solicitor-client privilege settling a 15 year dispute
Jan 15, 2015
OSFI Issues Final Advisory for Early Adoption of IFRS 9 Financial Instruments for Domestic Systemically Important Banks