Announcements

Read the second edition of the FSRA newsletter and find out about our latest key initiatives.

TORONTO, Oct. 15, 2019 /CNW/ - The Financial Services Regulatory Authority (FSRA) is creating a new Consumer Advisory Panel, strengthening consumer representation in financial services sector in Ontario.

TORONTO, October 11, 2019 – The Financial Services Regulatory Authority of Ontario (FSRA) is forming four new Pensions Standing Technical Advisory Committees, as part of the regulator’s commitment to on-going dialogue and consultation within the pension industry.

TORONTO OCTOBER 9, 2019 - On October 9, 2019, the new Standard Filing process will be in effect. The Financial Services Regulatory Authority of Ontario (FSRA) is delivering on its priorities for 2019-20 to provide regulatory changes that will lead to more consumer choice, and greater competition for auto insurance customers in Ontario.

TORONTO, SEPTEMBER 27, 2019 – FSRA is creating six Stakeholder Advisory Committees (SACs) this fall to serve as consultative bodies to FSRA’s Board of Directors. Today, we are launching the application process for these committees.

Toronto, September 20, 2019 - Effective June 3, 2019, the Ontario government updated Regulation O. Reg. 34/10: Statutory Accident Benefits Schedule to address the treatment of Harmonized Sales Tax in certain statutory accident benefits claims . The attached Cost of Assessment and Examination

Mortgage Brokerages are required to provide disclosure information and related documentation to investors/lenders with respect to non-qualified syndicated mortgages pursuant to subsection 31.1(1) of Ontario Regulation 188/08. Effective June 8, 2019, subsection 6.3 of FSRAs new Fee Rule requires that

Effective June 8, 2019, the Financial Services Regulatory Authority of Ontario (FSRA) launched with a mandate to transform the regulatory environment in pensions and other non-securities financial services sectors, with a focus on principles-based regulation. FSRA is actively reviewing all FSCO

On August 6, 2019, the Ontario government released a consultation document that provides details of proposed amendments to the Pension Benefits Act to help facilitate further electronic communication between administrators and members. Comments may be submitted to the Ministry of Finance by August

FSRA is taking the step to evaluate and improve the effectiveness of syndicated mortgage investments (SMI) disclosures, and provide more protection for investors in the sector. Proposed Approach An analysis of past syndicated mortgage transactions revealed the three factors below as indicators of