OSFI GUIDELINE E-17

BC0500EM-061710

Phone: 1.877.308.4663 | Email: info@backcheck.net | Web: www.backcheck.net

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The Canadian Office of the Superintendent of Financial Institutes (OSFI) is responsible for regulating and supervising federally registered financial institutions. As of January 31 2009 the OSFI Guideline E-17 stipulates that Federally Regulated Entities must conduct background checks on all Responsible Persons: directors, principal officers, chief agents, and senior management. A thorough check must be conducted prior to an appointment being granted, and then routine, ongoing assessments must be conducted throughout the tenure of their position.

BackCheck offers the following screening solutions to help clients ensure they are compliant with E-17:

SEC and SEDAR Searches • A search of the SEC database (Securities and Exchange Commission – USA), the SEDAR database (System for Electronic Documents Analysis and Retrieval) and a Provincial Securities Commission Search are included. • Infractions include: insider trading, accounting fraud, and providing false or misleading information about securities and the companies that issue them. • Protects investors from companies and individuals who have contravened securities laws. • Average turnaround time is 3 business days.

Bankruptcy Search of Principals • Public Bankruptcy and Proposal records are available through the Canadian Federal Government from 1978. A Bankruptcy search will reveal past Bankruptcies that no longer appear on current consumer credit reports. • Detailed report includes: estate number and type, province of insolvency, total assets and liabilities, discharge status, and effective date. • Useful in detecting key corporate players who have demonstrated inability to follow through with financial commitments. • Average turnaround time is 1 business day.

Court Registry Database Searches • Detect major court cases involving a company and their key player(s), via the LexisNexis ® Quicklaw™ court registry database. • Useful for identifying overly litigious characters, corporate instability, and negligent actions. • Average turnaround time is 1 business day.

Criminal Record Check • BackCheck delivers results directly to our clients, eliminating the risk of digital manipulation. • Privacy and Human Rights compliant. • Paper-based or online consent forms available. • Reports on acts of violence or crimes against property, including white collar crimes like forgery and fraud. • Average turnaround time is 1 business day.

Education Verification/Credential Verifications • Verify the candidate’s highest level of education directly with listed institutions. • Reveal fraudulent documents and misrepresentation of facts. • Average turnaround time is 2-3 business days. BackCheck leverages established relationships with educational institutions and credential granting bodies to obtain information quickly. However, some institutions only respond by mail which may result in longer turnaround times.

Public Safety Verification/Terrorist Watch List • This comprehensive list incorporates parties required to be screened according to the United States’ Government export laws and requirements. Lists searched include: restricted parties, license required parties, denied parties, and parties of concern. • This search will ensure compliance with numerous US, Canadian and International regulations including the US Office of Foreign Asset Control and US export and government contract regulations. • Average turnaround time is one 1 business day.

Phone: 1.877.308.4663 | Email: info@backcheck.net | Web: www.backcheck.net

Know Who You’re Hiring!

People, Processes, and Secure TechnologyOur team of over 400 university educated People, our efficient and privacy compliant Process and our easy to use Technology have combined to perform over two million Reference Interviews and over two million Criminal Record Checks for thousands of organizations in all industry sectors.

Global SolutionsWith 4 offices on 3 continents, BackCheck provides global screening solutions with multilingual support. We offer a full suite of services to satisfy your background checking and due diligence requirements for candidates abroad.