Regulatory Alerts2026-05-20 | CDMF-XIX-1-26Authorization of Additional Deadline for Submission of Registration Application by Savings and Credit Cooperatives in Operation with Total Assets Equal to or Greater Than C$100 Million
The Monetary and Financial Board issued Resolution CDMF-XIX-1-26 to grant an additional 180-day deadline for savings and credit cooperatives with total assets of at least C$100 million to submit their registration applications. This extension addresses the expiration of the original 120-day period established under the October 2025 regulation governing these institutions. The resolution mandates that eligible cooperatives formalize their registration with the Superintendence of Banks and Other Financial Institutions within the new timeframe.
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