Indeed it was. You're referring to the provision to empower the Governor in Council to promulgate regulations as regards bank submissions to financial benchmarks. The key benchmark in Canada this would relate to would be what's called the “Canadian dealer offered rate”, which is kind of the Canadian version of LIBOR. You've heard maybe a fair bit about LIBOR, about some scandals and so on.
In Canada, the Canadian dealer offered rate, or CDOR, is an average of rates submitted by seven banks. Since they are banks that submit the rates, it was concluded at the heads of the agencies that you referred to, which includes the AMF, the Autorité des marchés financiers in Quebec, that OSFI was best placed to supervise the submission process for the calculation of that rate—since they are seven banks that submit.