Announcements

Ontario's financial services regulator, FSRA, has imposed an administrative penalty in the amount of $30,000 against Viviana Prentice (“Prentice”) and has also imposed licence conditions on Prentice. Prentice contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (“Act”) by

Ontario’s financial services regulator, FSRA, is supporting the government of Ontario in implementing its target benefit legislative and regulatory framework for multi-employer pension plans (MEPPs), which came into effect on January 1, 2025. FSRA’s proposed Supervisory Approach Guidance to

Ontario’s financial services regulator, FSRA, imposes an administrative penalty of $10,000 and licence conditions on Ishaan Ahuja (“Ahuja”). Ahuja is no longer suitable to be licensed unconditionally under the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”) and its regulations, because he

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

Durham College – the administrator of the Life Licence Qualification Program (LLQP) exam – is increasing the fees for the exam by $1-2 beginning August 1, 2025. FSRA is providing an advance notice to course providers and industry in order to communicate this update to insurance agent candidates. For

The Financial Services Regulatory Authority of Ontario (FSRA) has received several inquiries from service providers regarding an increase in denials of provider travel time expense claims. FSRA has reviewed Health Claims for Auto Insurance (HCAI) data and has confirmed that insurers across the

Ontario's financial services regulator, FSRA, has revoked the mortgage brokerage licence of Expert Financial Corporation (“Expert Financial”) and imposed administrative penalties on Expert Financial in the total amount of $36,000. FSRA has also imposed administrative penalties in the total amount of

We are excited to announce that Antoinette Leung has been appointed as Executive Vice President, Market Conduct, effective August 1, 2025. Antoinette brings extensive regulatory experience, a strong commitment to public service, and a collaborative leadership style. In her current role as Head of

After more than six years of dedicated leadership, Huston Loke will be departing FSRA as of July 31, 2025. Huston has played a foundational role at FSRA serving as our first Executive Vice President, Market Conduct. He helped shape our regulatory approach in areas such as insurance conduct, mortgage

Ontario's financial services regulator, FSRA, has initiated enforcement action against 2748204 Ontario Inc. operating as Flex Home Loans (Flex Home Loans) and Michael Yosher (Yosher). FSRA alleges that Flex Home Loans’ and Yosher’s conduct affords reasonable grounds for belief that Flex Home Loans