The BCAR return "the return" collects the data to calculate the risk-based capital ratio of the reporting institution, as well as details of the calculation. This return applies to all deposit-taking institutions except foreign bank branches. Please refer to the criteria provided in the General Instructions section of this document. Certain information from this return is available on a total and institution-by-institution basis on the OSFI website.
RNFPB osfi-bsif. Support osfi-bsif. The return must be completed on a quarterly fiscal basis and filed within 30 days of the quarter-end date. The BCAR schedule numbers correspond to the chapter numbers in the guideline. For example, Schedules The purpose of these instructions is to ease completion of the return by referencing its components to the applicable section s of the guideline e. In addition to guideline references, these instructions provide supplementary explanations for selected sections or cells data points in the return.
Further guidance is provided through cross-referencing formulas in the return itself. Generally, the BCAR must be completed by all banks including federal credit unions FCU , bank holding companies and federally regulated trust and loan companies. These OSFI-regulated entities are collectively referred to herein as institutions. However, in certain circumstances, an institution may complete a shorter version of the return, referred to as the BCAR Short Form.
In addition, certain sections or cells in the return may apply to specific types of institutions only e. The BCAR contains schedules that carry forward amounts from one schedule to another. Validation rules ensure that the amounts are correctly carried forward. The return also includes dimensional schedules, in which there are no DPAs, instead individual data points can be referred to by a series of numbers representing a combination of metrics and dimensions.
There are two types of validation rules: pre-edit or structural rules, and business rules. If an institution fails any of the pre-edit validation rules, the business validation rules cannot be processed. When issues with the pre-edit rules are identified, the institution will be advised and the return must be corrected and re-filed. Pre-edit rules ensure a file is sent in the correct format including such things as the institution code.
