Bank Supervision

Notes & Notices

In addition to specific industry guidelines and regulations, there are other notes and notices that the Bank Supervision Department publishes, covering an array of financial sector issues. These documents are listed below in reverse chronological order.

Reporting of Material Events and Incidents of Fraud

Published Friday July 20^th, 2012

Licensees are hereby required, effective immediately, pursuant to section 18(1) (h) of the Banks and Trust Companies Regulation Act, 2000, to immediately notify the Inspector of Banks and Trust Companies, if they become aware that a material event (for example, suspicious activities, incidents of fraud, or regulatory enforcement actions) which could have a significant adverse impact on the licensee’s safety and soundness or reputation, has or may have occurred or may occur in the foreseeable future.