The Financial Services Regulatory Authority of Ontario (FSRA) is a regulatory agency created to improve consumer and pension plan beneficiary protections in Ontario.
FSRA was established to replace the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO). The agency is flexible, self-funded and designed to respond rapidly to an evolving commercial and consumer environment. In this capacity, FSRA will:
- Promote high standards of business conduct
- Foster a sustainable, competitive financial services sector
- Respond to market changes quickly
- Promote good administration of insurance and pension plans
- Encourage innovation
Sectors we regulate
The newly created agency protects Ontarians by regulating:
- Property and casualty insurance
- Life and health insurance
- Credit unions and caisses populaires
- Loan and trust companies
- Mortgage brokers
- Health services providers (related to auto insurance)
- Pension plan administrators
- Financial planners and advisors
As of March 31, 2026, FSRA regulated or registered:
- 271 insurance companies
- Including 47 Ontario incorporated insurance companies and reciprocals
- 5,213 health service providers
- 75,615 insurance agents
- 7,448 corporate agencies
- 1,848 insurance adjusters
- 48 credit unions and caisses populaires
- 5 credentialing bodies for financial planner/adviser title use
- 49 loan and trust corporations
- 1,162 mortgage brokerages
- 2,759 mortgage brokers
- 7,127 mortgage agents Level 1
- 4,699 mortgage agents Level 2
- 267 mortgage administrators
- 3,937 registered pension plans
Legislative mandate
- Regulate and generally supervise the regulated sectors
- Contribute to public confidence
- Monitor and evaluate developments and trends
- Promote public education and knowledge
- Promote transparency and disclosure of information
- Deter deceptive or fraudulent conduct, practices and activities