IFRS Guidance for Federally Regulated Financial Institutions

On October 7, 2008, the Office of the Superintendent of Financial Institutions (OSFI) issued a letter providing further guidance on the content of the semi-annual reports to be filed by Federally Regulated Financial Institutions (FRFIs) on their progress transitioning to IFRS and commenting on the applicability of the CSA disclosure requirements for the changeover to IFRS. (Read the OSFI Letter.)