Line4

In forceDeposit-taking institutions: credit risk modelsLast checked 11 November 2026

Credit risk model monitoring, unstructured (OSFI947)

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

Supports the monitoring of credit risk model performance at banks approved to use the internal ratings-based (IRB) approach for regulatory capital, by providing quarterly supplemental information. OSFI distributes the list of items needed at the end of each quarter. Source

Official title: Model Risk Unstructured Regulatory Return (OSFI947)

The facts

Who files
OSFI's reporting requirements table lists it for: banks; trust and loan companies; banks or trust and loan companies that are subsidiaries of banks or of federally incorporated trust and loan companies. Not required from: foreign bank branches. Source
How often
Each fiscal quarter. Source
Deadline
Within 30 days. Not subject to the Late and Erroneous Filing Penalties (LEFP) framework. Source
Format
Other. The instructions say the return "can be submitted through the Regulatory Reporting System (RRS) by uploading a zip file." 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: credit risk models

Templates (0)

The library lists no templates for this return.

No template: OSFI distributes the list of supplemental information to provide at the end of each quarter. Source

Validation rules

No published validation rules were found for this return. OSFI's reporting pages publish no validation rules for this return. Source

Public data

No published data from this return was found. No publication of data from this return was found on the instructions page or on OSFI's open data pages. Source

Official documents (3)

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.