Announcements
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FSRA refuses to issue an insurance agent licence to Sivashanthi Vijayakumaran
Enforcement Actions
Life and Health Insurance
All
Ontario’s financial services regulator, FSRA, has refused to issue an insurance agent licence to Sivashanthi Vijayakumaran (“Vijayakumaran”) under the Insurance Act, R.S.O. 1990, c.I.8., as amended (the “Act”), and its regulations. Vijayakumaran is not suitable to hold a licence as an insurance
Ontario’s Financial Services Regulator and Fintech Cadence partner to support fintech innovation in Ontario
Announcements
Cross Sector
For Industry
This partnership will help pave the way for the introduction of new or improved products and services to the financial services market in Ontario Ontario’s financial services regulator (FSRA) and Fintech Cadence have announced a new partnership to foster fintech innovation in Ontario. This one-year
Enhancing your licensing experience
Announcements
Life and Health Insurance
All
FSRA is working to make its services better for you Getting your licence to you faster will continue to be one of FSRA's top business priorities. We are pleased to announce that over the next few months, we will roll out new initiatives designed to enhance your experience with us and better serve
Have your say on FSRA’s proposed Automobile Insurance Rating and Underwriting Supervision Guidance
Consultations
Auto Insurance
All
Ontario’s financial services regulator’s (FSRA) Automobile Insurance Rating and Underwriting Regulation Reform Strategy puts consumers first. As a part of this strategy, FRSA is now consulting on new guidance to ensure that Ontario drivers are paying the right price for the right auto insurance
FSRA issues Notice of Proposal against Hui Wen (Polly) Liu and Cheng (Kevin) Qi
Enforcement Actions
Life and Health Insurance
All
Ontario's financial services regulator, FSRA, has initiated enforcement action against Hui Wen (Polly) Liu (Liu) and Cheng (Kevin) Qi (Qi). FSRA alleges that Liu and Qi have demonstrated incompetence and untrustworthiness to transact the insurance agency business for which their licenses have been
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). Graham is not suitable to be licensed as a mortgage agent because Graham provided false information in the application for the licence, and Graham’s past conduct affords reasonable
Pension update - September 9, 2024
Pension update
Pensions
All
In this Pension eBlast Welcome message FSRA reports Q2 2024 Solvency Report 2023 Report on the funding of Defined Benefit (DB) Pension plans Defined Benefit (DB) Multi-Employer Pension Plans (MEPPs) Leading Practices Benchmarking Summary Report New! Pension Benefits Guarantee Fund (PBGF) Report New
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). Higginson contravened the Pension Benefits Act, R.S.O. 1990, c. P.8, and its regulations, by failing to remit employer and employee contributions totalling $34,931.46 to the pension fund
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). The newsletter is designed to help you quickly review key initiatives during the past month. Our goal is to provide you with relevant communications and information
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”. We believe this approach will lead to a financial services environment that is innovative, flexible, collaborative and responsive, promoting high standards of business conduct and better protecting