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Canada regulatory roundup: OFSI cuts red tape, CIRO discovers cyber breach

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Photo: Ashley L Duffus/Getty Images

This week’s highlights in Canadian financial regulation.

In an open letter to regulated institutions, the Office of the Superintendent of Financial Institutions (OSFI) has unveiled a revised policy plan concerning its guidance and supervisory activities for federally regulated banks, life insurance companies, and not‑for‑profit insurance issuers.

The plan aligns with the Canadian government’s Red Tape