Announcements

The Financial Services Regulator of Ontario (FSRA) imposed administrative penalties totaling $430,000 on Kim Thanh Do (Kim Do), Gyula “George” “Julien” Zambok (Zambok), 5015977 Ontario Inc. (501 Ontario), Bruce Rene Kotis (Kotis), and Myriad Mortgage. FSRA has revoked the mortgage brokerage licence

The Financial Services Regulatory Authority of Ontario (FSRA) is actively working towards licensing life and health managing general agents (L&H MGAs) in the province. Save the date Join FSRA live online for an overview of the updated proposed L&H MGA Rule and a related amendment to the Fee Rule

The Financial Services Regulatory Authority of Ontario (FSRA) is proposing an Eligible Financial Contracts (EFC) Rule. The purpose of the proposed Rule is to define EFCs for the purposes of s. 234.1 of the Credit Unions and Caisses Populaires Act, 2020 (CUCPA 2020), once it is proclaimed into force

Ontario's Financial Services Regulator, FSRA, has imposed administrative penalties in the total amount of $180,000 against Satyamkumar Trivedi (Trivedi) and has also imposed administrative penalties in the total amount of $50,000 against Sasitharan Somasekarampillai (Somasekarampillai). Trivedi and

FSRA celebrates all those who work at Ontario credit unions and caisses populaires on International Credit Union Day!

FSRA's Q1 2025-26 Sector Outlook Report, which is a snapshot in time, showed that Ontario’s credit unions continued to grow their assets. Total sector assets increased to $100.32 billion, up $3.26 billion or 3.26%, compared to Q1 2024-25, primarily driven by strong demand for mortgages and

The Financial Services Regulator of Ontario (FSRA) has initiated enforcement action against Daumier Financial Services Inc. o/a Daumier Financial Services Ltd. (Daumier Financial), Carlos Daumier De Zayas Benitez (De Zayas Benitez), and Liset Jimenez Rodriguez (Jimenez Rodriguez). FSRA alleges that

The Financial Services Regulatory Authority of Ontario (FSRA) is releasing the 2024-25 report on life and health insurance agent supervision and a supervision plan for the year ahead. The report and the plan call on industry to improve agent oversight in support of fair outcomes for consumers. The

We are pleased to send you the October 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

The Financial Services Regulatory Authority of Ontario (FSRA) expects all regulated entities and individuals to take steps to ensure consumers, pension plan beneficiaries, credit union members and any other person whom they must communicate with are treated fairly during the Canada Post service