Announcements

On this page Welcome message FSRA reports Q2 2026 Solvency Report for Defined Benefit Pension Plans 2025 Report on the Funding of Defined Benefit Pension Plans in Ontario Pension Benefits Guarantee Fund Annual Report Pension reminders Thank you for being a part of FSRA Exchange! Administrative

Pension plans in Ontario continue to demonstrate strong financial positions despite ongoing economic uncertainty, global geopolitical tensions, evolving trade dynamics, inflationary pressures and financial market volatility. That was the finding of two reports issued by Ontario’s financial services

FSRA's Q1 2026-27 Sector Outlook Report, which is a snapshot in time, showed Ontario’s Credit Unions continued growing assets and increasing profitability during an ongoing period of global economic uncertainty. Q1 highlights include: Total sector assets reached $105.04 billion, reflecting a year

To further protect accident victims and promote trust in Ontario’s auto insurance system, FSRA conducted proactive supervision of health service providers (HSPs) and is releasing the results of its reviews. FSRA’s supervision of HSPs focuses on the billing and business practices for auto insurance

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against K. Banx Mortgages Ltd. (K. Banx), Fahima Kashani (Fahima), Soheil Kashani (Soheil), and Daniel Kashani (Daniel). FSRA alleges that K. Banx contravened the Mortgage Brokerages, Lenders and

The Financial Services Regulatory Authority of Ontario (FSRA) requires all licensed insurers in Ontario to file the Annual Auto Insurance Attestation. The CEO or most senior officer responsible for operations in Ontario must attest that the insurer complies with provincial laws and regulatory

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Mckasey Samuel Cadore (Cadore). FSRA alleges that Cadore is not suitable under the Insurance Act, R.S.O. 1990, c.I.8, as amended because he has demonstrated incompetence or untrustworthiness to

The Financial Services Regulatory Authority of Ontario (FSRA) has issued orders to refuse to renew the mortgage broker licence of Joel Kelman (Kelman), to revoke the mortgage brokerage licence issued to 13648486 Canada Inc. operating as Quick Cash Mortgage (QC Mortgage), and to impose three

We would like to extend our sincere thanks to Ali Salahuddin as he steps down from his role on our Board of Directors, effective July 15, 2026. Since joining the Board in 2024, Ali has provided thoughtful guidance, strategic insight, and steadfast support to the organization. His contributions have

We are pleased to send you the August 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 to