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OSFI Draft Guideline: Derivatives Sound Practices for Federally Regulated Private Pension Plans [Completed]

Effective date:

February 27, 2018

Last updated:

February 2018

Overview

On July 31, 2017, the Of­fice of the Su­per­in­ten­dent of Fi­nan­cial In­sti­tu­tions (OSFI) is­sued for com­ment a draft de­riv­a­tives guide­line en­ti­tled, De­riv­a­tives Sound Prac­tices for Fed­er­ally Reg­u­lated Pri­vate Pen­sion Plans (Draft Guide­line).  When fi­nal­ized, the Draft Guide­line will re­place the 1997 guide­line “De­riv­a­tives Best Prac­tices” that first out­lined ex­pec­ta­tions for fed­er­ally reg­u­lated pri­vate pen­sion plans with re­spect to de­riv­a­tive ac­tiv­i­ties. For fur­ther de­tails see the cov­er­ing let­ter on OSFI’s web­site.

Subsequently, on February 27, 2018, OSFI issued the final version of the Derivatives Sound Practices for Federally Regulated Private Pension Plans Guideline. The new Guideline builds on the 1997 version by reflecting current practices with respect to the risk management of derivatives activities, and covers both exchange traded and over-the-counter (OTC) derivatives.  The Guideline also sets out OSFI’s expectations for plan administrators who invest in derivatives indirectly through various types of funds, including pooled funds and hedge funds. 

For further details refer to the covering letter from OSFI and the final version of the Guideline.

Other de­vel­op­ments

February 2018

On February 27, 2018, OSFI issued the final version of the Derivatives Sound Practices for Federally Regulated Private Pension Plans Guideline.

July 2017

On July 31, 2017, the OSFI is­sued a Draft Guideline, Derivatives Sound Practices for Federally Regulated Private Pension Plans. Comments are due by September 29, 2017.

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