Announcements

Ontario’s financial services regulator, FSRA, is pleased to announce the appointment of new members to its Stakeholder Advisory Committees (SAC) for the 2024-2026 term. The SAC process affirms FSRA’s commitment to maintaining an open, transparent, and collaborative approach that involves

Ontario’s Financial Services Regulator (FSRA) requires all licensed insurance companies in Ontario writing auto insurance to complete the Annual Auto Insurance Attestation. FSRA makes this requirement under the authority of section 442.3 of the Insurance Act to promote high standards of business

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

Ontario’s financial services regulator, FSRA, has imposed a compliance order and two administrative penalties in the total amount of $5,000 against Millicent Prince (“Prince”). Prince was previously licensed as a mortgage agent under the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O

Ontario's financial services regulator, FSRA, has issued an Order imposing administrative penalties in the total amount of $75,000 against Forest City Funding Inc. (FCF) and an Order imposing an administrative penalty in the amount of $7,500 against Willian Handsaeme (Handsaeme). FSRA also issued an

This item, issued on July 30, 2024, contains incorrect information about a contravention of 14.2 of Ontario Regulation 188/08. There was no contravention of this regulation. A correction has been issued. FSRA is committed to transparency. We have also undertaken an internal review of our processes

Ontario’s financial services regulator, FSRA, imposes licence conditions on Nexus Seulal (“Seulal”). FSRA issued this order as a result of a decision of the Financial Services Tribunal (Tribunal), dated April 4, 2024. Based on Seulal’s past conduct in the banking industry, he presents an ongoing

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Victor Ferreira and Ferreira Insurance & Investment Concepts Inc. FSRA alleges that Victor Ferreira (“Ferreira”) and Ferreira Insurance & Investment Concepts Inc. (“FIIC”) are not suitable to be licensed under the

These measures will allow claims adjusters to help process insurance claims more quickly Ontario’s financial services regulator (FSRA) is implementing temporary measures to help insurers in Ontario process the high volume of claims being submitted in the wake of rainfall and flooding that recently

To continue delivering high-quality and secure exams, Durham College – the administrator of the Life Licence Qualification Program (LLQP) exam – will increase the fees for the exam beginning August 1, 2024. FSRA wants course providers and industry to know about the fee increase in advance so they