Regulatory Resources

Compliance

Navigating AI governance requirements for Canadian mortgage professionals as federal model risk management guidelines reshape industry expectations.

The regulatory landscape for AI in financial services is evolving rapidly. OSFI Guideline E-23 establishes comprehensive model risk management requirements for federally regulated financial institutions — requirements that will flow downstream to mortgage brokerages through lender contracts. DLCG is proactively preparing its network with governance frameworks, practical training, and clear guidance so professionals can confidently use AI tools while meeting emerging compliance expectations.

OSFI E-23 Compliance Deadline

Office of the Superintendent of Financial Institutions

—

Months to Mandatory Compliance

For federally regulated financial institutions

Effective Date

May 1

2027

Sep 2025 — Final Guideline May 2027 — Compliance

AI/ML models explicitly included in regulatory scope

Third-party models held to same standard as internal

Lenders will require broker AI governance evidence

Resources

Regulatory Guidance

OSFI Guideline E-23

Comprehensive overview of the Model Risk Management guideline, what it means for mortgage professionals, and how to prepare for downstream compliance requirements from lenders.

View Guidance → Compliance Training

AI Essentials Training

Build practical AI fluency while learning governance best practices. Covers Do’s and Don’ts for compliant AI usage, prompt discipline, data protection, and validation protocols.

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OSFI E-23 Compliance Deadline

OSFI E-23 Model Risk Management

OSFI Guideline E-23

AI Essentials Training