#E 23

frameworks

OSFI E-23 Final Guideline (2025): What Canadian Banks and Insurers Must Do Before May 2027

OSFI published the final E-23 Guideline on September 11, 2025. Effective May 1, 2027, it extends to all federally regulated financial institutions and all models — including third-party AI. This post covers what changed from the 2017 version, the AI/ML-specific obligations, the 18-month transition window, and a gap-assessment checklist for Canadian FRFIs.

April 26, 2026 · 10 min read