Announcements

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Iftikhar Ahmad Qadeer (Qadeer). FSRA alleges that Qadeer dealt in mortgages when not licensed to do so, contrary to section 2(3) of the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29

Ontario's financial services regulator, FSRA, has initiated enforcement action against Renkai Lin (“Lin”) and ZK Financial Inc. (“ZK Financial”). FSRA alleges that Lin and ZK Financial are no longer suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act, 2006 and its

To help Insurers more effectively manage their risks and maintain adequate capital, Ontario’s financial services regulator, FSRA, is proposing an Own Risk and Solvency Assessment (ORSA) guidance. The guidance focuses on Ontario-incorporated Insurance Companies and Reciprocal Insurance Exchanges

Ontario's financial services regulator, FSRA, has issued an Order imposing administrative penalties in the total amount of $52,000 against Jaswinder Dhanoa (Dhanoa). Dhanoa submitted false documents to a lender, received fees outside of her brokerage, and failed to maintain mortgage transaction

Ontario's financial services regulator, FSRA, has imposed an administrative penalty in the amount of $5,000 against Sumit Pal Singh (“Singh”) and imposed conditions on the renewal of Singh’s mortgage agent licence. Singh contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (the

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Frank (Frankie) Attard (Attard). FSRA alleges that Attard provided false or deceptive information and documents to FSRA and to others in connection with a mortgage transaction, contrary to sections 43 and 45 of

Ontario's financial services regulator, FSRA, has issued an Order refusing to renew the corporate licence issued to 1550739 Ontario Inc. and an Order revoking the insurance agent licence issued to Carman McKechnie (“McKechnie”) under the Insurance Act, R.S.O. 1990, c.I.8., as amended (the “Act”) and

Ontario’s financial services regulator (FSRA) has released its Q3 2024 Solvency Report for Defined Benefit Pension Plans, revealing that the overall funded position is still strong at 121 per cent. However, a two-percentage point decrease from last quarter breaks a steady upward trend of seven

In this Pension eBlast Welcome message FSRA reports Q3 2024 Solvency Report New processes, updates and reminders Pension Awareness Day 2025 update! FSRA’s Principles-Based Regulation Guidance Implementing a Permanent Target Benefit Framework FSRA seeks public input on its 2025-26 Statement of

Ontario’s financial services regulator, FSRA, has imposed a compliance order and administrative penalties on Canada Mortgage Group Inc. (Canada Mortgage Group) in the amount of $45,000 and its principal broker Raaj Vikash (Roger) Kalwaney (Kalwaney) in the amount of $10,000, and has imposed