Canada’s Office of the Superintendent of Financial Institutions finalized a narrow change to its 2027 crypto capital guideline that treats regulated exchanges of traditional financial assets as one exchange when banks calculate delta risk for qualifying Group 2a crypto exposures. Positions in the same crypto asset held on different qualifying regulated exchanges can therefore receive full capital recognition when they share the same maturity. The adjustment addresses a mismatch between market-neutral trading strategies and capital calculations, but it does not permit unconditional netting or diversification across different Group 2a assets. Group 2b exposures remain subject to stricter rules, including deduction from common equity tier 1 capital of the greater of aggregate long or short positions, unless another prescribed market-risk and credit-valuation-adjustment calculation produces a higher requirement. OSFI kept the aggregate gross exposure limit for Group 2 crypto assets at 5% of Net Tier 1 capital, excluding certain client-clearing derivatives. The guideline takes effect Nov. 1, 2026, for institutions with an Oct. 31 fiscal year-end and Jan. 1, 2027, for institutions with a Dec. 31 fiscal year-end.