Life Pro Users

Life Pro 2026 Interim Release

The Life Pro 2026 Interim Version A release is now available on the secure SETpro website. This release includes updated Pro packages, regulatory changes for LICAT LIMAT ESCAP, and several performance and usability enhancements designed to improve stability and reduce user issues.

Packages included in this release:

The following packages are now available:

• ‍Life Pro 2026 Interim Version A
• ‍LICAT LIMAT ESCAP Pro 2026 Interim Version A
• F7 Pro 2026 Version A
• ‍StatsCan BP 27/28 Pro 2025 Version A is now available on the SETpro website. It can be found under the 2025 Annual Releases.  There were no changes made to the StatsCan BP 27/28 returns in 2025.

Key highlights:

• ‍Life Pro reporting content remains unchanged from the prior year, with performance improvements implemented behind the scenes.‍
• LICAT LIMAT ESCAP Pro reflects new OSFI and AMF regulatory updates, including changes made to the LCA and ESCAP Annual Supplement.
• A new schedule has been introduced to three pages of the LICAT-LIMAT-ESCAP Pro package to support the calculation of capital requirements for unrated investments.
• User experience enhancements improve package functions and performance.
• A new IC2 Pro climate risk reporting tool is coming soon, alongside preparations for IFRS 18 and the SOC 2 Type 2 audit.

Filers are encouraged to review the details below to understand how these updates may impact their upcoming filings.

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What’s changed?

Life Pro 2026 Interim Version A

There are no regulatory changes to the reporting requirements or validations for LF1, LF2, LF3, and LFProv in 2026.

However, this release includes internal updates to:

• Improve performance; and
• Enhance the overall user experience, particularly for early filers

Further details on these performance updates are outlined in the Performance & User Experience Improvements section below.

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LICAT-LIMAT-ESCAP Pro 2026 Interim Version A

Updates to this package reflect regulatory changes published by OSFI and the AMF. The following returns have been updated accordingly.

      OSFI LCQ

• Page 20.300

       - New row for Crypto-asset exposure (Simplified Approach) and a new footnote ( 2030010241).

• Page 70.300
  

      - Three new “Other” rows included in the Market Risk prior to scalar and smoothing section (rows 41, 42, and 43).

      - A new row for Other Risk (D) prior to scalar and smoothing.

• Page 120.100

      - A new row for Total gross exposure to crypto-assets (12010010400).

• Minor updates to row descriptions and footnotes.

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     OSFI LCA

• Minor text updates to row descriptions.

    ESCAP Quarterly Return

• 20.300

      - Seven new rows to provide Information additionnelles - Filiales d’assurance de dommages (rows 20300900-2030010960).

      - Minor text updates to row descriptions.

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      ESCAP Annual Supplement

• Minor text updates to row descriptions.

For filers who use annual pages to support quarterly filing requirements, the LCA and ESCAP Annual Supplement updates have been incorporated into the Version A pages and validations. While these changes have been tested using data, sample data files have not yet been tested with OSFI.

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New Schedule for Unrated and Infrastructure Investments

• ‍Pages 30.200‍
• ‍Pages 30.600
• Pages 50.200

This enhancement allows filers to:

• Distinguish between unrated debt and equity investments subject to original factors, and‍
• Domestic infrastructure investments eligible for the reduced factors announced in July 2025.

The schedule enables filers to input both asset types, calculate capital requirements separately, and feed the combined total into the main schedule—making capital calculations clearer, more transparent, and easier to manage.

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StatsCan F7 Pro 2026 Interim Version A

The regulators have made no changes to the reporting requirements in 2026. This package has been updated to meet these requirements.

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Performance & User Experience Improvements

To further enhance the user experience across Life Pro and LICAT LIMAT ESCAP Pro, we’ve made several behind the scenes improvements. While subtle, these updates will reduce user issues:

• ‍Footer updates – Pro packages will no longer automatically update footers during execution of the Print or Create Special Excel functions to improve performance.‍
• Cut & paste controls – Cut & paste functionality in Excel has been disabled to prevent broken references. (Copy & paste functionality is still fully supported).‍
• Workbook protection – Filers can protect their workbooks while retaining access to all Custom Menu features.

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Coming Soon

IC2 Pro Version A

A new IC2 Pro package will soon be available to support Climate-Related Risk reporting requirements.

Developed in alignment with OSFI and AMF business specifications and instructions, this package will includes:

• Built in validations aligned with specifications and matrices
• Automated creation of the required CSV output
• Consolidated filing instructions in one place

This tool is designed to reduce time spent interpreting requirements, allowing filers to focus on understanding and preparing the underlying data.

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What’s on the horizon?

IFRS 18 – 2027 Filings

SETpro is actively reviewing, analyzing, and testing IFRS 18-driven changes in preparation for 2027 filings. Data testing with OSFI will begin shortly.  Please reach out to Sydney Richardson if you have any questions related to these changes.

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SOC 2 Type 2 Audit

Our SOC 2 Type 2 audit will commence in April 2026, reinforcing our commitment to security and data confidentiality.

Contact information

The Pro Support Team is happy to assist you with any questions or concerns. Please do not hesitate to contact our Support Team general mailbox at support@setproco.com.

For account related inquiries or new user access, reach out to us at hello@setproco.com.