Card #9
Hi,
The card is not clear to me, can you please clarify when is AA's MAE report done?
another question related to financial condition report, it says to be done annually, but also when requested by OSFI, what does that mean exactly? AA should produce the financial condition report annually, and especially when requested by OSFI? Can OSFI ask for financial condition report more frequent than annually?
Comments
AA's MAE report is done as and when needed. Where are you seeing the statement "as requested by OSIF" It is requested by OSFI once a year and to my knowledge I don't think I know of anyone who has done an FCT more than once a year