As regulator, OSFI will: 1. consider requests from institutions with respect to increasing the approved limits on commercial lending or removing such limits; 2. establish, maintain and communicate the criteria used to consider such requests; 3. upon review, provide written approvals where … See more The Trust and Loan Companies Act, the Insurance Companies Act and the Cooperative Credit Associations Act (referred to hereinafter collectively as "the Acts" … See more The Office expects companies to follow sound risk management practices in the context of commercial lending activities. Approval for expanding commercial … See more Each application for approval of expanded commercial lending authorities will be reviewed in light of the criteria outlined below. These criteria are consistent with … See more WebX. Showing 1 to 32 of 32 entries. Guideline E-1 is now located under Other Application Guides. Guidelines E-2, E-2A and E-6 are now located under Prudential Limits and …
New OSFI Capital and Liquidity Guideline for Small and Medium …
WebApr 13, 2024 · Budget 2024 proposes to amend the Excise Tax Act (the "ETA") to expressly subject supplies of "payment card network" services to Goods and Services Tax/Harmonized Sales Tax ("GST/HST").The proposed amendment to the ETA is intended to overrule the judgment of the Federal Court of Appeal in Canadian Imperial Bank of Commerce v.The … WebJul 7, 2016 · Since 2008, the federal government has introduced several rounds of tweaks to mortgage insurance rules. The most recent changes took effect in February, doubling the minimum down payment on the ... city of perth smart cities
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WebJan 18, 2024 · In the commercial lending industry, credit review takes the form of an account monitoring, where the lender reviews current outstanding loans on a periodic … WebOct 8, 2024 · In the event of a collateral shortfall (resulting in a deal that’s not fully secured) on a 7 (a) loan, the lender must take all available collateral in the form of business … WebNov 5, 2024 · The Office of the Superintendent of Financial Institutions (OSFI) has lifted the COVID-related temporary measures on dividends, share repurchases, and executive compensation. Institutions are now allowed to move back to regular dividend and executive compensation practices. city of perth tender process