This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Deferral of IFRS 9 Application for Federally Regulated Life Insurers

  • IFRS - OSFI Image

Mar 20, 2017

On March 20, 2017, the Office of the Superintendent of Financial Institutions (OSFI) issued the final version of its advisory: "Deferral of IFRS 9 Application for Federally Regulated Life Insurers."

The advisory is in response to the September 2016 International Accounting Standards Board (IASB) approved amendment to IFRS 4, Insurance Contracts, allowing companies whose activities are predominantly connected with insurance to defer the application of IFRS 9, Financial Instruments, until January 1, 2021.

Review the advisory on the OSFI's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.