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In forceDeposit-taking institutions: interconnectednessLast checked 11 November 2026

Liabilities by counterparty (2L)

A regulatory return listed by the Office of the Superintendent of Financial Institutions (OSFI), Canada.

A schedule to the EB/ET return that reports liabilities by counterparty. It gives a better understanding of how financial institutions are interconnected and helps monitor shadow banking and the funding of domestic systemically important banks. Source

Official title: Interbank and Major Exposures Return Appendix (2L)

The facts

Who files
OSFI's reporting requirements table lists it for: selected banks. Not required from: trust and loan companies; banks or trust and loan companies that are subsidiaries of banks or of federally incorporated trust and loan companies; foreign bank branches. The table names the Bank of Canada as the contact agency. Source
How often
Each calendar quarter. Source
Deadline
Within 50 days. Not subject to the Late and Erroneous Filing Penalties (LEFP) framework. The instructions say: "This return is to be completed as of the end of each quarter and submitted within 50 days of the quarter-end date." Source
Format
Excel. Filed through the Regulatory Reporting System (RRS). OSFI publishes the return as an Excel sample. Source
How it is filed
Filing routes recorded for the OSFI: Regulatory Reporting System (RRS); Regulatory Data Hub (RDH). See how firms file with the OSFI.
Status
In forceFiled in the Regulatory Reporting System (RRS). OSFI's Data Collection Modernization initiative will replace RRS with a new platform, the Regulatory Data Hub (RDH); OSFI says the launch is now targeted for spring 2027 and asks filers to keep using RRS until then. Financial filing for banks and trust and loan companies moves to RDH in Release 2; OSFI says more details on financial returns will come in 2027. Source
Legal basis
Group
Deposit-taking institutions: interconnectedness

Templates (1)

The tables and forms inside the return. Plain name first, the OSFI's code in brackets.

  • Schedule for liability reporting by counterparty (2L)

OSFI publishes this return as a single form (EBET_2L.XLSX). Source

Validation rules

1,237 rules, as counted from the OSFI's published material. Software can run them exactly as published. Source

How they are written: Excel workbook, one row per rule (Rule ID, Rule Type, Description and a Formula or Expression column in OSFI's RRS rule syntax, for example EqualWithinThreshold([3001], [2601] + [2301] + [2001],0, 10)).

A separate cross-return workbook (EB-ET-2L-rules-regles-en_0.xlsx) lists 10 subtotal checks between the 2L schedule and the DT2 NCCF return, to hold within a 2% threshold; it has no formula column and is not counted above.

The rules, on osfi-bsif.gc.ca

How they were counted

Counted 1237 rows with a rule in the 'Validation rules' sheet of 2l-validation-en.xlsx (1237 error).

Counts are in the OSFI's own unit, so they are not comparable with other regulators' counts.

Public data

No published data from this return was found. The publication section of the instructions says only: "[A formal statement will be provided]". Source

Official documents (7)

The OSFI's own files, with the size and SHA-256 fingerprint of each as downloaded on 11 November 2026, so anyone can tell whether a copy is the same version.

Sources

Every page and document this return's facts were read from.

Knowing exactly what is collected, in what format and under which rules is the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.

Line4's text and records here are free to reuse under CC BY 4.0. Please credit: “Source: Line4 regulatory submissions library (CC BY 4.0), https://www.line4.ai”. The regulators' documents, forms, taxonomies, rules and data belong to them: see OSFI's reuse terms. This describes what regulators publish. It is not legal or regulatory advice: always rely on the regulator's own text.

Last checked 11 November 2026.