Announcements

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

The Financial Services Regulatory Authority of Ontario (FSRA), is changing how it oversees auto insurance to better protect consumers and support a competitive marketplace. The new model focuses on fair pricing, clear communication, and greater transparency. The new model also provides more

Ontario's financial services regulator, FSRA, has initiated enforcement action against Derek Chapman (“Chapman”). FSRA alleges that Chapman is not suitable to be licensed under the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”) and its regulations, because he is not of good character and

Ontario’s financial services regulator (FSRA) is releasing its 2025-28 Annual Business Plan (ABP). The plan sets out FSRA’s core strategy for the next three fiscal years. “FSRA plays a critical role in strengthening and instilling confidence in Ontario’s financial services sector,” said Dexter John