Financial Institutions
Industry Correspondence
Use the following links to access the appropriate section:
| Financial Institutions | ||
|---|---|---|
| Number | Subject | |
| * Letters that reference guidelines will be on the guidelines page. | ||
| 03/01/2021 |  |
Advisory to all BC credit unions, trust companies, insurance companies and pension plan administrators Information Session on Draft Information Security Guideline |
| 02/22/2021 | |
Advisory to all BC Credit Unions, Trust Companies, and Insurance Companies Draft Outsourcing Guideline for Consultation |
| 02/18/2021 | |
Advisory to all BC Credit Unions, Insurance Companies, Pension Plan Administrators Draft Information Security Guideline for Consultation |
| 01/18/2021 | |
Advisory to all BC Credit Unions, Insurance Companies, Pension Plan Administrators Consultations on Information Security Guideline and Outsourcing Guideline |
| 11/05/2020 | |
Advisory to All Regulated Entities and Individuals 2020/2021 Regulatory Roadmap |
| 02/24/2018 | |
Letter to CEOs/General Managers, BC Authorized Financial Institutions Amendments to Monthly Reporting Requirements under Canada's Sanctions Regime |
| 02/02/2018 | |
Letter to B.C. Authorized Financial
Institutions Executive Appointment - Deputy Superintendent, Prudential Supervision |
| 02/02/2018 | |
Letter to CEOs/General Managers, B.C.
Authorized Financial Institutions Information Bulletin FI-18-001: Timelines for Statutory Approval Applications |
| 01/25/2017 | |
Letter to Board Chairs/CEOs/General
Managers, B.C. Credit Unions Update on the Proposed CUDIC Risk Based Premium Assessment Methodology |
| 05/05/2016 | |
Letter to All Provincially Regulated
Financial Institutions Anti-money Laundering/Anti-terrorist Financing |
| 03/11/2014 | |
Open Letter RE: Structure of Creditor's Group Insurance Offered in British Columbia |
| 12/19/2013 | |
Letter to All CEOs / General Managers / Chief Agents of
B.C. Authorized Financial Institutions (Credit Unions, Trust Companies, P&C and Life
Insurers) Administrative Penalties |
| 01/28/2013 | |
Open Letter
Financial Institutions Division: Communicating FICOM Guidance |
| ^ Top |
| Credit Unions | ||
|---|---|---|
| Number | Subject | |
| * Letters that reference guidelines will be on the guidelines page. | ||
| 06/10/2021 | |
Advisory to all CEOs/General Managers/CFOs of British Columbia Credit Unions 2021 Asset Groups |
| 04/08/2021 | |
Advisory to CFOs and Finance Managers, BC Credit Unions Updated FAQs to Advisory: Liquidity Requirement Regulation Amendments and Related Reporting Changes |
| 02/22/2021 | |
Advisory to CFOs and Finance Managers, BC Credit Unions COVID-19 - Capital Treatment of Highly Affected Sectors Credit Availability Program |
| 02/18/2021 | |
Advisory to all CEOs/General Managers/CFOs of British Columbia Credit Unions Review & Comment on the Proposed DPS |
| 01/11/2021 | |
Advisory Credit Unions Authorized in British Columbia Virtual Annual General Meetings - Credit Unions |
| 12/15/2020 |  |
Advisory Liquidity Requirement Regulation Amendments and Related Reporting Changes Q&As Interim Liquidity Adequacy Return Template Interim Liquidity Adequacy Return Reporting Instructions |
| 10/14/2020 | |
Advisory to CEOs/General Managers,
BC Authorized Credit Unions Q&As Consultation on Revised Credit Union Reporting Templates and Instructions |
| 07/22/2020 | |
Letter to CEOs/General Managers,
BC Authorized Credit Unions 2020 CUDIC Base Assessment Rate |
| 07/22/2020 | |
Letter to CFOs, BC
Authorized Credit Unions 2020 Scoring Range Update to the Risk-Based Premium Assessment Methodology |
| 04/16/2020 | |
Letter to CFOs,
BC Credit Unions COVID-19 - Capital Treatment of Loans under the Business Credit Availability Program |
| 04/02/2020 | |
Letter to CEOs/General Managers,
BC Authorized Credit Unions COVID-19 - Loan Payment Deferral |
| 03/23/2020 | |
Letter to CEOs/General Managers,
BC Authorized Credit Unions BCFSA COVID-19 Easing Measures |
| 03/13/2020 | |
Letter to CEOs/General Managers,
BC Authorized Credit Unions Annual General Meetings and the COVID-19 |
| 02/18/2020 | |
Letter to CEOs/General Managers,
BC Authorized Credit Unions 2020 Asset Groups |
| 08/01/2019 | |
Letter to CEOs/General Managers,
BC Authorized Credit Unions CUDIC Data Requirements for Deposit Insurance Determination Version 2.0 |
| 07/11/2019 | |
Letter to CEOs/General Managers,
BC Authorized Credit Unions 2019 Deposit Insurance Base Assessment Rate |
| 07/04/2019 | |
Letter to CEOs/General Managers,
BC Authorized Credit Unions Working Group Report on Risk Data Aggregation and Reporting Principles |
| 06/21/2019 | |
Letter to CEOs/General Managers, BC
Authorized Credit Unions 2019 Asset Groups |
| 06/10/2019 | |
Letter to CEOs/General Managers, BC
Authorized Credit Unions Credit Unions - Fee Consultation |
| 01/18/2019 | |
Letter to CEOs/General Managers, BC
Authorized Credit Unions Deadline Extension for the CUDIC Premium Structure Consultation |
| 12/10/2018 | |
Letter to CEOs/General Managers, B.C.
Authorized Credit Unions Deposit Composition Data Call 2018 Q2 |
| 09/14/2018 | |
Letter to Board Chairs and CEOs / GM of
BC Credit Unions Draft Liquidity Management Guideline for Comment |
| 07/26/2018 | |
Letter to CFOs/Finance Managers, B.C.
Authorized Credit Unions Capital Adequacy Return - 2018 Revision |
| 06/19/2018 | |
Letter to CEOs/General Managers, B.C.
Credut Unions 2018 Asset Groups |
| 05/28/2018 | |
Letter to CEOs/General Managers, BC
Authorized Credit Unions Credit Union Financial & Statistical Return - 2018 Implementation Timeline |
| 05/03/2018 | |
Letter to Board Chairs/CEOs/General
Managers, BC Authorized Credit Unions Notification of Changes to the 2018 Deposit Insurance Assessments and an Update Regarding the Proposed Revised Risk Based Premium Assessment Methodology |
| 04/20/2018 | |
Letter to CEOs/General Managers, BC
Authorized Credit Unions Information Bulletin CU-18-001: Consent to Credit Union Amalgamation: Application RequirementsInformation Bulletin CU-18-002: Consent to Credit Union Acquisition: Application Requirements |
| 03/05/2018 | |
Letter to CFOs/Finance Managers, BC
Authorized Credit Unions Clarification - Capital Adequacy Return Completion Guide |
| 03/01/2018 | |
Letter to Board Chairs/CEOs/General
Managers of British Columbia Credit Unions Administration of Master Bond Program (MBP) |
| 01/24/2018 | |
Letter to CFOs/Finance Managers, BC
Credit Unions Revised Financial & Statistical Return - Final |
| 01/16/2018 | |
Letter to Board Chairs/CEOs/General
Managers, BC Authorized Credit Unions Consultation on Risk-Based Premium Assessment Methodology |
| 11/20/2017 | |
Letter to Board Chairs/CEOs/General
Managers, BC Authorized Credit Unions Working Group Report on Risk-Based Premium Assessment Methodology-Date Extension for Comments |
| 10/30/2017 | |
Letter to CEOs / General Managers, BC
Authorized Credit Unions Working Group Report on Risk-Based Premium Assessment Methodology |
| 10/30/2017 | |
Letter to CEOs / General Managers,
BC Authorized Credit Unions in Asset Groups 1 and 2 Invitation to Discuss Recent Changes to Federal Residential Mortgage Underwriting Standards |
| 10/30/2017 | |
Letter to CEOs / General Managers,
BC Authorized Credit Unions in Asset Groups 3-6 Invitation to Discuss Recent Changes to Federal Residential Mortgage Underwriting Standards |
| 10/24/2017 | |
Letter to All
CEOs/General Managers of British Columbia Authorized Credit Unions Second IFRS 9 Readiness Self-Assessment Follow Up |
| 10/10/2017 | |
Letter to All
CEOs/General Managers of British Columbia Authorized Credit Unions Credit Union Financial & Statistical Return - 2017 Revision Implementation Date Deferral |
| 06/05/2017 | |
Letter to All
CFOs/Finance Managers of British Columbia Authorized Credit Unions Second IFRS 9 Readiness Self-Assessment |
| 06/05/2017 | |
Letter to All
CEOs/General Managers of British Columbia Credit Unions Residential Mortgage Loans Report Completion Guide |
| 06/01/2017 | |
Letter to All B.C. Credit
Union CEOs/General Managers 2017 Asset Groupings |
| 05/17/2017 | |
Letter to CFO's and Finance Managers of
B.C. Authorized Credit Unions Financial and Statistical Return - 2017 Revision Issued for Consultation |
| 01/11/2017 | |
Letter to Board Chairs and CEOs of BC
credit unions Financial Institutions Commission's Regulation of Central 1 Credit Union |
| 10/17/2016 | |
Open Letter to All B.C. Credit
Unions RE: Federal Continuance |
| 09/12/2016 | |
Letter to All CEOs and General Managers
of B.C. Credit Unions IFRS 9 Readiness Self-Assessment Follow Up |
| 08/15/2016 | |
Letter to All B.C. Credit
Union CEOs/General Managers Use of Deposit Agents |
| 07/20/2016 | |
Letter to B.C. Authorized Credit
Unions Residential Mortgage Underwriting Practices at B.C. Credit Unions |
| 06/01/2016 | |
Letter to All B.C. Credit
Union CEOs/General Managers 2016 Asset Groupings |
| 04/12/2016 | |
Letter to All B.C. Credit Union
CEOs/General Managers IFRS 9 Readiness Self-Assessment |
| 03/16/2016 | |
Letter to Central 1 Class A
Members Internal Capital Adequacy Assessment Process (ICAAP) Standards for Central 1 Credit Union (Central 1) |
| 02/01/2016 | |
Letter to All B.C. Credit Union
CEOs/General Managers CUPSA Information Technology (IT) Audit Guidance |
| 11/02/2015 | |
Letter to All B.C. Credit
Union CEOs/General Managers No Early Adoption of IFRS 9 |
| 05/21/2015 | |
Letter to All B.C. Credit
Union CEOs/General Managers 2015 Asset Groupings |
| 03/06/2015 | |
Letter to B.C. Credit
Unions Research Report on Residential Mortgage Default Probability |
| 02/27/2015 | |
Letter to B.C. Credit Union
Board Chairs, CEOs Results of the Credit Union Continuance Working Group |
| 06/12/2014 | |
Letter to B.C. Credit Unions
Capital Adequacy Return - New Filing Requirement |
| 09/27/2013 | |
Letter to B.C. Credit Unions
Capital Adequacy Return - New Filing Requirement |
| 08/29/2013 | |
Letter to Board Chairs and
CEO's Communicating Governance Guideline |
| 04/18/2013 | |
Letter to CEO's Communicating Assessment Criteria |
| 03/06/2013 | |
Letter to Board Chairs and
CEO's Internal Capital Target Guideline - Final |
| 02/12/2013 | |
Letter to Board Chairs
Guide to Intervention |
| 02/01/2013 | |
Letter to Board Chairs
Corporate Governance Compliance Undertaking Submissions |
| ^ Top |
| Trust Companies | ||
|---|---|---|
| Number | Subject | |
| * Letters that reference guidelines will be on the guidelines page. | 04/07/2021 | |
Advisory to BC Incorporated Trust Companies Consultation on Revised BC Trust Regulatory Reporting Template |
| 11/23/2020 | |
Advisory to BC Incorporated Trust Companies Regulatory Filing Extension Update |
| 04/08/2020 | |
Letter to BC Incorporated Trust Companies COVID-19 - Regulatory Filing Extension |
| 02/10/2020 | |
Letter to BC Incorporated Trust Companies Updated Filing Requirements Information Bulletin |
| 06/10/2019 | |
Letter to CEOs/General Managers, BC
Authorized Trust Companies Trust Companies - Fee Consultation |
| 04/05/2017 | |
Letter to British Columbia Incorporated
Insurers and Trust Companies Adoption of Guideline: IFRS 9 Financial Instruments and Disclosures |
| 11/12/2015 | |
Letter to All Presidents/CEOs of
Extraprovincial Trust Companies Change in Filing Requirements |
| ^ Top |
| Insurance Companies | ||
|---|---|---|
| Number | Subject | |
| * Letters that reference guidelines will be on the guidelines page. | ||
| 01/11/2021 | |
Advisory to BC Insurance Companies Use of Unauthorized Insurers |
| 11/23/2020 | |
Advisory to BC Life Insurance Companies 2020 Update to the Memorandum to the Appointed Actuary |
| 11/23/2020 | |
Advisory to BC Property and Casualty Insurance Companies 2020 Update to the Memorandum to the Appointed Actuary |
| 11/23/2020 | |
Advisory to BC Life Insurance Companies 2020 Update to the Financial Reporting Forms and Instructions |
| 11/23/2020 | |
Advisory to BC Property and Casualty Insurance Companies 2020 Update to the Financial Reporting Forms and Instructions |
| 11/23/2020 | |
Advisory to BC Authorized Insurance Companies Regulatory Filing Extensions and Easing Measures Update |
| 11/15/2020 | |
Advisory to BC Authorized Insurance Companies Update to the Annual Fee Schedule for BC Authorized Insurance Companies |
| 04/30/2020 | |
Letter to BC Incorporated Insurance Companies COVID-19 - Temporary Changes to Capital Requirements |
| 04/08/2020 | |
Letter to BC Incorporated Insurance Companies COVID-19 - Regulatory Filing Extension |
| 02/10/2020 | |
Letter to BC Incorporated Life Insurance Companies and fraternal Benefit Societies Updated Filing Requirements Information Bulletin |
| 02/10/2020 | |
Letter to BC Incorporated Property and Casualty Insurance Companies Updated Filing Requirements Information Bulletin |
| 07/02/2019 | |
Letter to BC Incorporated Property and
Casualty Insurance Companies/Reciprocal
Insurance Exchanges 2019 Annual Update to the Manual of Financial Reporting Forms and Instructions for Property/Casualty Insurance Companies |
| 07/02/2019 | |
Letter to BC Incorporated Life
Insurance Companies and Fraternal Benefit Societies 2019 Annual Update to the Manual of Financial Reporting Forms and Instructions for Life Insurance Companies/Fraternal Benefit Societies |
| 11/22/2018 | |
Letter to BC Authorized Property &
Casualty Insurance Companies Changes to Filing Requirements |
| 11/22/2018 | |
Letter to BC Authorized Life Insurance
Companies and Fraternal Benefit Societies Changes to Filing Requirements |
| 11/22/2018 | |
Letter to BC Incorporated Property and
Casualty Insurance Companies Information Bulletin INS-18-010 |
| 11/22/2018 | |
Letter to BC Incorporated Life
Insurance Companies and Fraternal Benefit Societies Information Bulletin INS-18-009 |
| 10/26/2018 | |
Letter to BC Incorporated Property and
Casualty Insurance Companies/Reciprocal
Insurance Exchanges 2018 Annual Update to the Manual of Financial Reporting Forms and Instructions for Property/Casualty Insurance Companies |
| 10/26/2018 | |
Letter to BC Incorporated Life
Insurance Companies and Fraternal Benefit Societies 2018 Annual Update to the Manual of Financial Reporting Forms and Instructions for Life Insurance Companies/Fraternal Benefit Societies |
| 06/19/2018 | |
Letter to CEOs/General Managers, BC
Incorporated Insurers Adoption of OSFI's 2018 Advisory on IFRS 17 Transition and Progress Report Requirements |
| 12/22/2017 | |
Letter to BC Life Insurance Companies
and Insurance Societies Information Bulletin INS 17-001 |
| 09/26/2017 | |
Letter to B.C. Incorporated P&C
Insurers, and Reciprocal Insurance Exchanges Adoption of OSFI’s 2017 changes to the Memorandum to the Appointed Actuary’s Report on Property and Casualty Insurance Busines |
| 09/26/2017 | |
Letter to British Columbia Life
Insurance Companies and Fraternal Benefit Societies Adoption of OSFI’s 2017 changes to the Memorandum to the Appointed Actuary on Life Insurance Companies |
| 08/14/2017 | |
Letter to British Columbia Incorporated
Life Insurance Companies and Fraternal Benefit Societies Annual Update to the Manual of Financial Reporting Forms and Instructions |
| 08/04/2017 | |
Letter to B.C. Incorporated P&C
Insurers, and Reciprocal Insurance Exchanges Annual Update to the Manual of Financial Reporting Forms and Instructions |
| 04/05/2017 | |
Letter to British Columbia Incorporated
Life Insurers Adoption of OSFI?s 2017 Advisory on Deferral of IFRS 9 Application |
| 04/05/2017 | |
Letter to British Columbia Incorporated
Insurers and Trust Companies Adoption of Guideline: IFRS 9 Financial Instruments and Disclosures |
| 09/22/2016 | |
Letter to B.C. Life Insurance Companies
and Fraternal Benefit Societies Adoption of OSFI's 2016 changes to the Memorandum to the Appointed Actuary (Life Insurance) |
| 09/22/2016 | |
Letter to B.C. Authorized P&C
Insurance Companies and Reciprocal Exchanges Adoption of OSFI's 2016 changes to the Memorandum to the Appointed Actuary's Report on Property and Casualty Insurance Business |
| 08/11/2016 | |
Letter to B.C. Authorized
P&C Insurers, and Reciprocal Insurance Exchanges Annual Update to the Manual of Financial Reporting Forms and Instructions |
| 07/27/2016 | |
Letter to B.C. Life Insurance Companies
and Fraternal Benefit Societies Annual Update to the Manual of Financial Reporting Forms and Instructions |
| 07/04/2016 | |
Letter to B.C. Authorized P&C
Insurance Companies Change in Filing Requirements |
| 07/04/2016 | |
Letter to B.C. Authorized Life
Insurance Companies and Fraternal Benefits Societies Change in Filing Requirements |
| 01/14/2016 | |
Advisory Letter to All Insurers
Authorized to Write Home Warranty Class of Insurance Regading Home Warranty Insurance |
| 09/28/2015 | |
Letter to B.C. Authorized
P&C Insurers, and Reciprocal Insurance Exchanges Annual Update to the Manual of Financial Reporting Forms and Instructions |
| 09/28/2015 | |
Letter to B.C. Life Insurance Companies
and Fraternal Benefits Societies Annual Update to the Manual of Financial Reporting Forms and Instructions |
| 09/15/2015 | |
Letter to All Insurers Authorized to
Write Life and/or Accident & Sickness Insurance in B.C. Regarding Information Bulletin INS-15-002 Creditor's Group Insurance
Updated letter sent January 2016 regarding INS-15-002 Creditor's Group Insurance |
| 07/06/2015 | |
Letter to All Authorized Life and/or Accident and Sickness Insurers Amendment to Insurance Regulation, B.C. Reg. 403/2012 Appendix: Amendment to Insurance Regulation, B.C. Reg. 403/2012 |
| 03/17/2015 | |
Earthquake Exposure Filing Reminder |
| 02/16/2015 | |
Changes to the Board and Senior Management |
| 09/25/2014 | |
2014 Annual Update to the Manual of Financial Reporting Forms and Instructions for Authorized Property and Casualty Insurance Companies |
| 09/25/2014 | |
2014 Annual Update to the Manual of Financial Reporting Forms and Instructions for B.C. Life Insurance Companies and Fraternal Benefit Societies |
| 04/07/2014 | |
Creditor's Group Insurance Questionnaire |
| 09/27/2013 | |
Letter to B.C. Life Insurance Companies and Fraternal
Benefit Societies
Annual Update to the Manual of Financial Reporting Forms and Instructions |
| 09/27/2013 | |
Letter to B.C. Authorized Property and
Casualty Insurers
Annual Update to the Manual of Financial Reporting Forms and Instructions for Insurance Companies |
| 06/13/2013 | |
Letter to CEO's, All
Authorized Life
Insurers Use of Managing General Agents |
| ^ Top |
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