Finance committee  That is first and foremost the role of the Office of the Superintendent of Financial Institutions. Its mandate is to protect not just depositors and creditors but policyholders on the insurance side as well. One of the key ways in which it does that is by ensuring that federally

Finance committee  If we're dealing with the sort of prudential regulatory capital side of the house, the rules, this legislative amendment wouldn't contemplate changes to the life insurance capital adequacy test, or LICAT, that life insurers are subject to. As Mr. Dussault mentioned, that's sort o

Finance committee  Thank you for the question, Mr. Chair. I think you may be making reference to the specialized financing regulations that include a 13-year term limit on investments. We've heard from stakeholders from time to time that the term limits in those regulations can be a constraint; th

Finance committee  That's right. What we heard very clearly from the industry in this investment space is that it's not appropriate to impose a term limit. We wholeheartedly agree that those regulations were not designed for this type of asset, so that we're not contemplating a term limit.

Finance committee  We're aware of the project that EIOPA, the European Union insurance regulator, undertook from a prudential standpoint to find ways to relieve their insurers of capital requirements. That was more of a prudential project, but it's certainly something that we're aware of, that we d

Finance committee  It's a significant project that's happening in the same sort of policy space, so we would have been aware of that.

Finance committee  That's right, for infrastructure specifically. There are existing regulations for real property.