Updated Source Compare to Wiki Article

Comments

• Staff-T1

  August 10 edited August 10

  Yes, there are no material changes between 2024 and 2023
• Rsylvain

  August 12 edited August 12

  There is an Excel file covered by the syllabus, that is not in the wiki article. Is it because it is not expected to be tested? P&C Minimum Capital Test and Branch Adequacy of Assets Test Quarterly Return (PC4), 2024.
• Rsylvain

  August 13 edited August 13

  Also, the part about Excess (Deficiency) from page 60.35 seems to no longer be in the syllabus, as it is not listed in the learning objectives, and page 60.35 is not listed in the text reference.
• Staff-T1

  August 16

  The excel would be covered in the MCT article.
  For the second question I will need to take a look
• Staff-T1

  August 19

  I think it's still fair game. The entire P&C annual return is covered and C1 (financial position) is where I would put this in
• Rsylvain

  August 22

  I'm a little confused. Is the P&C annual return you are refering to the following document? As the syllabus states that only 2 pages are covered.

  

  Regarding C1 Financial position, could you please point me out which section relates to Excess (Deficiency), as I could not find it. Thanks!
• Staff-T1

  August 24 edited August 24

  I was referring to the CCIR sections which states that the Excel files are covered which is the whole P&C annual return. Also, it is both page 60.35 and page 60.45 that relates to the XS and deficiency calculation so that's clearly listed in the syllabus above
• Rsylvain

  August 25 edited August 25

  Would you mind pointing me out where it says the whole P&C annual return is coverered? As I can't seem to find it.

  What I see in CCIR is that detailed instructions for pages listed in OSFI Annual Return are covered, which are pp. 10.60 and 60.45. Are you refering to a different section in the sylabus?

  Also, in the wiki, it says that:

  "Note that as of July 7, 2022, there is an inconsistency in the Fall 2022 syllabus:
  Learning Objective C.1 lists the excess (deficiency) ratio calculation under the Knowledge Statements.
  But page 60.35, which is where the excess (deficiency) calculation is done, is not listed as a financial statement page that you're required to know. So, it isn't clear whether or not you have to learn the excess (deficiency) calculation."

  This leads me to think that since excess (deficiency) ratio is no longer listed in the learning objective for fall 2025, and that page 60.35 is still not listed in the syllabus, then excess (deficiency) ratio is not covered.

  Thanks!
• Staff-T1

  August 29

  In the syllabus section for CCIR - It says that verything in the Excel provided: the core, quarterly and annual return is covered which is basically the entire P&C return. Page 60.45 which is listed in the syllabus is also where the calculation of the XS and deficiency ratio is done so I think it's fair game