Notice on the Long-Term Structural Liquidity Ratio

Guideline on Liquidity Adequacy Standards Long-Term Structural Liquidity Ratio

This notice applies to non-federated credit unions, financial services cooperatives, trust companies, and savings institutions governed by the following laws:

• Financial Services Cooperatives Act, RLRQ, c. C-67.3;
• Trust Companies and Savings Institutions Act, RLRQ, c. S-29.01.

Section 6.1 of Chapter 6 of the January 2016 version of the Guideline on Liquidity Adequacy Standards (the "Guideline") issued by the Autorité des marchés financiers (the "Authority") provides that the long-term structural liquidity ratio standard (the "NSFR") will become a minimum requirement effective January 1, 2018. Section 1.5 of Chapter 1 of the Guideline further provides that NSFR reporting will begin at the first quarterly reporting date after January 1, 2018.

The Authority hereby gives notice that NSFR reporting will begin only at the first quarterly reporting date after January 1, 2019.

Additional Information
Additional information may be obtained by contacting:
Sylvain Roy
Financial Institutions Capital Oversight Division Autorité des marchés financiers Telephone: (418) 525-0337, ext. 4517 Toll-free: 1 877 525-0337 sylvain.roy@lautorite.qc.ca

Cyrille Bonou
Financial Institutions Capital Oversight Division Autorité des marchés financiers Telephone: (418) 525-0337, ext. 4645 Toll-free: 1 877 525-0337 cyrille.bonou@lautorite.qc.ca

June 1, 2017