After various rounds of consultations with the industry during the fall and early winter, the Office of Superintendent of Financial Institutions (OSFI) issued a revised and final Guideline B-10 Outsourcing of Business Activities, Functions, and Processes (the “Guideline”) on March 11, 2009. There is no transition period for implementation of the Guideline. The Guideline replaces the previous Guideline B-10 (“Previous Guideline”), which had been in place since 2003.

type Financial Services Client Update - March 2009 - OSFI Restates Guideline B-10 on Outsourcing