OSFI proposes revisions to capital rules for life insurers

The Investment Industry Regulatory Organization of Canada (IIROC) on Thursday published a set of further proposed changes to its planned plain language rulebook.

The changes stem from public comments received on previous versions, feedback from the provincial regulators, and other ongoing work.

For several years now, the self-regulatory organization has been working on a project to rewrite its rulebook to both rationalize its rules, and to put them in plain language.

When the project first began, IIROC published proposed plain language versions of various sections of its rulebook. In 2016 and 2017, it also issued the entire rulebook for public comments. This latest publication only covers sections where it is making material changes.

The latest proposal is out for a 45-day comment period, ending March 5.