Consolidated Trust and Loan Companies Act and Regulations 2020


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New and revised in this edition
All applicable Acts and regulations have been updated to reflect the current law. New and updated statutes and regulations include:
  • Canada Deposit Insurance Corporation Act, R.S.C. 1985, c. C-3, s. 7
  • Canada Deposit Insurance Corporation Differential Premiums By-law, SOR/99-120
  • Canada Deposit Insurance Corporation General By-law, C.R.C., c. 383
  • Canada Deposit Insurance Corporation Resolution Planning By-law, SOR/2019-138
  • Competition Act, R.S.C. 1985, c. C-34
  • Financial Consumer Agency of Canada Act, S.C. 2001, c. 9
  • Office of the Superintendent of Financial Institutions Act, R.S.C. 1985, c. 18, Pt. I (3rd Supp)
  • Personal Information Protection and Electronic Documents Act, S.C. 2000, c. 5
  • Regulations Implementing the United Nations Resolutions on the Suppression of Terrorism, SOR/2001-360
  • Trust and Loan Companies Act, S.C. 1991, c.45

Additional updates include:
  • National Instrument 31.103 has been updated
  • The Table of Concordance has been fully reviewed and updated

New and updated OSFI documents include:
  • Administrative Procedures for the Late and Erroneous Filing Penalty (LEFP) Framework
  • Background Checks on Directors and Senior Management by FREs]
  • Capital Adequacy Requirements, chapters 1 and 2
  • Corporate Governance
  • Cyber Security Self-Assessment Guidance [OSFI Memorandum]
  • Derivatives Sound Practices
  • Deterring and Detecting Money Laundering and Terrorist Financing
  • Instructions – OSFI 525 Report
  • Instructions – OSFI-950 Report
  • Interest Rate Risk Management
  • Internal Capital Adequacy Assessment Process (ICAAP) for Deposit-Taking Institutions
  • Large Exposure Limits
  • Large Exposure Limits for Domestic Systemically Important Banks
  • Leverage Ratio Disclosure Requirements
  • Leverage Requirements Guideline
  • Liquidity
  • Liquidity Adequacy Requirements
  • New OSFI-525 and OSFI-590 Reporting Requirements
  • Outsourcing of Business Activities, Functions and Processes
  • Pledging
  • Prudent Person Approach 
  • Regulatory Compliance Management (RCM)
  • Reporting Requirements
  • Residential Mortgage Underwriting Practices and Procedures
  • Revised Covered Bond Limit Calculation
  • Securities Lending
  • Settlement Risk in Foreign Exchange Transactions
  • Stress Testing
  • Technology and Cyber Security Incident Reporting
  • The following Application and Approval Guides:
    • Index DA No. 2 – Purchase or Redemption of Shares or Member Shares
    • Index DA No. 4 – Reduction of Stated Capital
    • Transaction Instructions


Practice Area:
Banking and Finance Law


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