Regulatory Updates
Regulatory Updates provide quick access to employee benefit regulations, rulings and other guidance released by governmental agencies in the U.S. and Canada.
New updates to this page may be included in Today’s Headlines which is emailed to International Foundation members each business day. Inquiries regarding these updates should be directed to the Benefits Knowledge Center at the International Foundation at (888) 334-3327, option 5 or [email protected].
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OSFI Releases New Supervisory Framework for Federally Regulated Pension Plans
- Identify risks affecting pension plans
- Assess risks
- Assign ratings
- Response to risks and the
- Monitor remediation activity
(Updated February 9, 2024)
The Office of the Superintendent of Financial Institutions (OSFI) has announced a supervisory framework update intended to better capture the impact of macro-centric risks on the risk profile of regulated financial institutions and pension plans and support taking early corrective action. This will be the first comprehensive update in almost 25 years. The supervisory framework guides oversight and provides a structure for risk assessment and response to those risks.
Additional Information
- OSFI will publish more information about the new framework in early 2024.
- OSFI will hold webinars for regulated financial institutions on November 2 and 9, 2023.
- OSFI will hold a webinar for pension plan stakeholders in spring 2024.