28 Jun OSFI – Issued the final version of Guideline E-4 Foreign Entities Operating in Canada on a Branch Basis
June 28, 2021 – This guideline replaces existing guidelines E-4A Role of the Chief Agent and Record Keeping Requirements and E-4B Role of the Principal Officer and Record Keeping Requirements.
There is a six-month transition period for compliance with Guideline E-4. As such, OSFI expects all foreign entities operating in Canada on a branch basis to be compliant by January 2022.
For more information, visit www.osfi-bsif.gc.ca.