The Short Form version can be used by financial institutions to file a NIL Report only. To file a POSITIVE Report, please use the Long Form version of the OSFI-590. This report must be filed with the Office of the Superintendent of Financial Institutions, Regulatory Information Division, 255 Albert Street, Ottawa Ontario K1A 0H2, or by fax at (613) 991-6248.
No The above financial institution(s) do not have an account in the name of a Designated Person*, or have a contract with a Designated Person, or possess or control property that is owned or controlled by or on behalf of a Designated Person.
Please complete the certificate below.
“Property” includes assets under administration (both discretionary and non-discretionary).
* Please refer to # 4 of the “Instructions OSFI-590 Report” for the definition of “Designated Person”.
Reminder: Section 12 of the Regulations Implementing the United Nations Resolution on the Democratic People’s of Korea or of the Regulations Implementing the United Nations Resolution on Iran requires every person in Canada and every Canadian outside Canada to disclose without delay to the Royal Canadian Mounted Police and the Canadian Security Intelligence Service (a) the existence of property in their possession or control that is owned or controlled by or on behalf of a Designated Person, and (b) information about a transaction or proposed transaction in respect of property in their possession or control that is owned or controlled by or on behalf of a Designated Person.