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User Fee: Superintendent Non-deemed Approvals Except Deposit and Trust Agreements and Letters of Credit
S1-21 Approval to maintain a representative office of a foreign bank
S1-40 Reservation of a name
S2-02 Accreditation of a provincial reinsurer
Fee Type: Regulatory (R)
Fee-setting Authority: OSFI Act
Date Last Modified: April 28, 2006
Performance Standards1: 90% will be processed in less than 60 calendar days of receipt
Performance Results1: 95% were processed in less than 60 calendar days of receipt
2010-2011 ($ thousands) | Planning Years ($ thousands) | ||||
---|---|---|---|---|---|
Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
46 | 27 | 27 | 2011-12 | 34 | 34 |
2012-13 | 34 | 34 | |||
2013-14 | 34 | 34 |
User Fee: Ministerial Approvals
S1-01 Letters patent of incorporation
S1-02 Letters patent of continuance
S1-03 Order permitting a foreign bank to carry on banking business in Canada
S1-04 Order approving the insuring in Canada of risks by a foreign body corporate
S1-14 Exemption from material banking group status
S1-15 Approval for a foreign bank or entity associated with a foreign bank to have a financial establishment in Canada
S1-16 Approval for a foreign bank or entity associated with a foreign bank in respect of investments and activities in Canada
Fee Type: R
Fee-setting Authority: OSFI Act
Date Last Modified: April 28, 2006
Performance Standards1: 80% will be processed in less than 90 calendar days of receipt
Performance Results1: 98% were processed in less than 90 calendar days of receipt
2010-11 ($ thousands) | Planning Years ($ thousands) | ||||
---|---|---|---|---|---|
Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
845 | 328 | 328 | 2011-12 | 634 | 634 |
2012-13 | 634 | 634 | |||
2013-14 | 634 | 634 |
User Fee: Precedents / Rulings / Interpretations
S2-01 Written, precedent-setting ruling relating to the quality of capital
S2-03 Written interpretation of Acts, regulations, guidelines or rulings
Fee Type: R
Fee-setting Authority: OSFI Act
Date Last Modified: August 13, 2003
Performance Standards1: 80% will be processed in less than 180 calendar days of receipt
Performance Results1: 100% were processed in less than 180 calendar days of receipt
2010-11 ($ thousands) | Planning Years ($ thousands) | ||||
---|---|---|---|---|---|
Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
18 | 25 | 25 | 2011-12 | 18 | 18 |
2012-13 | 18 | 18 | |||
2013-14 | 18 | 18 |
User Fee: Non-precedential Confirmations of Quality of Capital
S2-04 Written, non-precedent-setting confirmation of quality of capital
Fee Type: R
Fee-setting Authority: OSFI Act
Date Last Modified: August 13, 2003
Performance Standards1: 90% will be processed in less than 60 calendar days of receipt
Performance Results1: 100% were processed in less than 60 calendar days of receipt
2010-11 ($ thousands) | Planning Years ($ thousands) | ||||
---|---|---|---|---|---|
Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
166 | 152 | 152 | 2011-12 | 160 | 160 |
2012-13 | 160 | 160 | |||
2013-14 | 160 | 160 |
User Fee: Copies of Corporate Documents and Certificates of Confirmation
S2-10 Copies of any one of the following corporate documents (per request and per body corporate): (a) a certificate of confirmation; (b) a certified copy of letters patent or of incorporation or amalgamation documents; and (c) the corporate history of a body corporate
Fee Type: Other Products and Services (O)
Fee-setting Authority: OSFI Act
Date Last Modified: August 13, 2003
Performance Standards1: 90% will be processed within 2 business days of receipt
Performance Results1: 100% were processed within 2 business days of receipt
2010-11 ($ thousands) | Planning Years ($ thousands) | ||||
---|---|---|---|---|---|
Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
74 | 102 | 102 | 2011-12 | 74 | 74 |
2012-13 | 74 | 74 | |||
2013-14 | 74 | 74 |
User Fee: Access to Information User Fees
Fees charged for processing access requests filed under the Access to Information Act
Fee Type: O
Fee-setting Authority: Access to Information Act
Date Last Modified: 1992
Performance Standards1: Response provided within 30 days following receipt of request; the response time may be extended pursuant to section 9 of the Access to Information Act. Notice of extension to be sent within 30 days after receipt of request. The Actprovides more details: http://laws-lois.justice.gc.ca/eng/acts/A-1/index.html.
Performance Results1: Statutory deadline of 30 days met 100% of the time
2010-11 ($ thousands) | Planning Years ($ thousands) | ||||
---|---|---|---|---|---|
Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
4 | 1 | 245 | 2011-12 | 4 | 252 |
2012-13 | 4 | 260 | |||
2013-14 | 4 | 268 |
Other Information:
In July 2000, the Canada Customs and Revenue Agency ruled that most of the service charges are exempted from GST under the Excise Tax Act.
A fee is either identified as “Regulatory” (R) or “Other Products and Services” (O). A Regulatory fee relates to an activity undertaken by a department that is integral to the effectiveness of a program and successful achievement of the program mandate requires moderating, directing, testing, or approving the actions of external parties.
The full cost is based on the fiscal year salary levels according to collective agreements, the fiscal year Treasury Board benefit factors and OSFI’S factor for indirect costs.
1Note: According to prevailing legal opinion, where the corresponding fee introduction or most recent modification occurred prior to March 31, 2004:
2010-11 ($ thousands) | Planning Years ($ thousands) | |||||
---|---|---|---|---|---|---|
Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost | |
Sub-Total (R) | 1,075 | 532 | 532 | 2011-12 | 846 | 846 |
2012-13 | 846 | 846 | ||||
2013-14 | 846 | 846 | ||||
Sub-Total (O) | 78 | 103 | 347 | 2011-12 | 78 | 326 |
2012-13 | 78 | 334 | ||||
2013-14 | 78 | 342 | ||||
Total | 1,153 | 635 | 879 | 2011-12 | 924 | 1,172 |
2012-13 | 924 | 1,180 | ||||
2013-14 | 924 | 1,188 |
External Fee | Service Standard2 | Performance Results3 | Stakeholder Consultation |
---|---|---|---|
|
90% will be processed in less than 60 calendar days of receipt | 95% were processed in less than 60 calendar days of receipt |
Although the number of approvals subject to a Regulatory fee represents 25% of the total approvals processed in 2010-2011, OSFI applies these standards to all application for regulatory approvals in order to provide a better quality of service.4 |
External Fee | Service Standard2 | Performance Results3 | Stakeholder Consultation |
---|---|---|---|
|
80% will be processed in less than 90 calendar days of receipt | 98% were processed in less than 90 calendar days of receipt |
Although the number of approvals subject to a Regulatory fee represents 25% of the total approvals processed in 2010-2011, OSFI applies these standards to all application for regulatory approvals in order to provide a better quality of service.4 |
External Fee | Service Standard2 | Performance Results3 | Stakeholder Consultation |
---|---|---|---|
|
80% will be processed in less than 180 calendar days of receipt | 100% were processed in less than 180 calendar days of receipt |
Although the number of approvals subject to a Regulatory fee represents 25% of the total approvals processed in 2010-2011, OSFI applies these standards to all application for regulatory approvals in order to provide a better quality of service.4 |
External Fee | Service Standard2 | Performance Results3 | Stakeholder Consultation |
---|---|---|---|
Written, non-precedent-setting confirmation of quality of capital | 90% will be processed in less than 60 calendar days of receipt | 100% were processed in less than 60 calendar days of receipt |
Although the number of approvals subject to a Regulatory fee represents 25% of the total approvals processed in 2010-2011, OSFI applies these standards to all application for regulatory approvals in order to provide a better quality of service.4 |
External Fee | Service Standard2 | Performance Results3 | Stakeholder Consultation |
---|---|---|---|
Copies of any one of the following corporate documents (per request and per body corporate): (a) a certificate of confirmation; (b) a certified copy of letters patent or of incorporation or amalgamation documents; and (c) the corporate history of a body corporate | 90% will be processed within 2 business days of receipt | 100% were processed within 2 business days of receipt |
Although the number of approvals subject to a Regulatory fee represents 25% of the total approvals processed in 2010-2011, OSFI applies these standards to all application for regulatory approvals in order to provide a better quality of service.4 |
External Fee | Service Standard2 | Performance Results3 | Stakeholder Consultation |
---|---|---|---|
Fees charged for processing access requests filed under the Access to Information Act | Response provided within 30 days following receipt of request; the response time may be extended pursuant to section 9 of the Access to Information Act. Notice of extension to be sent within 30 days after receipt of request. The Act provides fuller details. | Statutory deadlines met 100% of the time |
The service standard is established by the Access to Information Act and the Access to Information Regulations. Consultations with stakeholders were undertaken by the Department of Justice and the Treasury Board Secretariat for amendments done in 1986 and 1992. |
Other Information: None
2 As established pursuant to the Policy on Service Standards for External Fees:
3 Performance results are not legally subject to section 5.1 of the UFA regarding fee reductions for unachieved performance.
4In 2010-2011, OSFI conducted three confidential survey consultations with deposit-taking institutions, executives of the FIs that OSFI regulates, and life insurance companies. Results showed that a strong majority of respondents were satisfied with OSFI in processing applications for regulatory approvals and believes that OSFI’s approval process is timely and efficient. From time to time, OSFI receives letters of appreciation from applicants thanking OSFI on the quality of its regulatory approval process.