Directive 11 takes effect as FIC opens detailed RCR guidance for comment
The FIC is inviting industry comment on draft guidance that sets out how institutions must complete and submit their 2026 risk and compliance returns before the April deadline.
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New guidance clarifies credit provider scope under item 11
Final PCC 23A sharpens the definition of credit providers, confirming broad inclusion while drawing clearer lines around incidental credit and non-traditional lending.
