Memory trick: OSFI's considerations related to applications for corporation (issue a letters patent)
"FoRM PACe" - the insurer must show they can “form a pace” (based on these characteristics) and are capable of maintaining that pace it as they continue to grow and benefit the economy
Fo - Foreign Owned (if so, make sure they get fair treatment)
R - Record of business (do they have a clean history?)
M - Money (do they have enough funds?)
P - Plan for business (do they have a sound plan? realistic?)
A - Add jobs (economic benefit)
Ce - Character, Experience, competence (make sure the company is in good hands)
Comments
Thanks! @graham
I've linked to your hint from the wiki! Thanks!