To accommodate reporting of capital ratios per the new Capital Adequacy Requirements Rule 2021-002, the Financial Services Regulatory Authority of Ontario (FSRA) is launching an updated MIR on June 1, 2022.
This updated version of the MIR (T13) aligns with the requirements of the new Capital Rule, including the addition of new fields and modified risk weightings.
To facilitate the transition to the updated MIR, FSRA released a test filing system on May 2, 2022. This test system will be accessible throughout May. Credit unions are encouraged to input sample data in this test filing system to familiarize themselves with the updates before it goes live on June 1, 2022.