Announcements
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Pension update - September 9, 2024
Pension update
Pensions
All
In this Pension eBlast
Welcome message
FSRA reports
FSRA issued order to refuse to renew licence against Karen Graham
Enforcement Actions
Mortgage Brokering
All
Ontario’s financial services regulator, FSRA, has refused to renew the mortgage agent licence of Karen Graham (Graham).
FSRA issues an Order against Higginson Equipment Inc.
Enforcement Actions
Pensions
All
Ontario’s financial services regulator, FSRA, has issued an Order against Higginson Equipment Inc. (Higginson).
FSRA continues to meet or exceed performance targets
Reports
Cross Sector
All
FSRA is releasing its Q1 2024-25 service standards scorecard. According to the report, FSRA met or exceeded 91.4% of its service targets across all regulated sectors.
FSRA releases its final approach to Principles-based Regulation
Guidance
Cross Sector
For Industry
FSRA’s mission is “public service through dynamic principles-based and outcomes-focused regulation”.
FSRA Highlights, September 2024
Newsletters
Cross Sector
All
We are pleased to send you the September summary of key activities from the Financial Services Regulatory Authority of Ontario (FSRA).
Consumers Beware: Ottawa Federal Credit Union is not a registered credit union in Ontario
Enforcement Actions
Credit Unions and Caisses Populaires
All
Ontario’s financial services regulator, FSRA, is warning consumers that a business using the name of Ottawa Federal Credit Union (also known as Ottawa Credit Union or Ottawa Canada Credit Union) is not a registered credit union in Ontario.
Protecting homeowners from unnecessary financial stress
Announcements
Mortgage Brokering
For Industry
Mortgage professionals should be aware of new legislation that states that Notices of Security Interest (NOSIs) registered against homeowners’ property titles for consumer goods, like water heaters, are
FSRA reports continued strength in pension plan solvency and funding amid market challenges
Reports
For Industry
The Financial Services Regulatory Authority of Ontario (FSRA) has released its Q2 2024 Solvency Report and the 2023 Report on the Funding of Defined Benefit (DB) Pension Plans, highlighting the resilience and stability of Ontario's pension plans in the face of ongoing market challenges.
Consumers Beware: Vatsal Pareshkumar Khamar is not a licensed mortgage broker in Ontario
Warnings
Mortgage Brokering
All
Ontario’s financial services regulator, FSRA, is warning consumers that Vatsal Pareshkumar Khamar (also known as Vic Kumar) is not licensed to conduct mortgage business in Ontario.