Data Disclosure Services
Status Awarded
Contract number 6047561
Solicitation number 20232982
Publication date
Contract award date
Contract value
Status Awarded
Contract number 6047561
Solicitation number 20232982
Publication date
Contract award date
Contract value
This contract was awarded to:
The Office of the Superintendent of Financial Institutions (OSFI) collects financial data from Federally Regulated Institutions (FRIs) via quarterly and annual returns. Both quarterly and annual data include financial statements and Capital Adequacy statements, which OSFI discloses on its external website (www.osfi-bsif.gc.ca) in compliance with the legislation referenced below.
Most of the large volume of data that OSFI collects, and that is authorized by the Minister for disclosure, is not disclosed on OSFI’s website, for business as well as technical reasons. OSFI requires a private sector commercial database company (a “Contractor”) to make the authorized annual financial data available to the public.
The data to be disclosed is filed by approximately 250 FRIs, in six industry groups (Canadian and foreign Life, Canadian and foreign Property & Casualty, Canadian and foreign Fraternal Benefit Societies). Each FRI files an average of 4,000 datapoints (that are authorized for disclosure), which are transferred quarterly (approximately end May, end Aug, end Nov, end March) by OSFI to the database company. Templates of the quarterly and annual returns may be accessed on OSFI’s website (in Excel format).
OSFI has a requirement to continue the process of using a private sector commercial database company (the “Contractor”) to make authorized annual financial data filed by FRIs available to the public (the “Requestor”).
42-635 Richmond Road
The contract will be for a period of 12 month(s), from 2024/06/10 to 2025/06/09.
CAD 18,407.70
A contracting officer can use limited tendering for specific reasons outlined in the applicable trade agreements. The reason for this contract is described below:
255 Albert Street