Announcements

Ontario’s financial services regulator, FSRA, is taking steps to better protect and inform consumers who own individual variable insurance contracts (segregated fund contracts). FSRA’s Board-approved Total Cost Reporting Rule was approved by the Minister of Finance on June 3, 2025. Once effective

We are pleased to send you the June 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 initiated enforcement actions against Chanderkant Jindal (Jindal). FSRA alleges that Jindal provided false or misleading statements or representations in the solicitation or registration of insurance, contrary to section 17(c) of Ontario Regulation

The IFSE Institute (IFSE) is winding down and will no longer be offering the Life License Qualification Program (LLQP) course required to become a licensed life or accident and sickness insurance agent. On June 16, 2025, IFSE will be removed from the listing of LLQP course providers approved by

The Financial Services Regulatory Authority of Ontario (FSRA), is pleased to announce the appointment of two new members to its Board of Directors, as well as the re-appointment of three existing members. Steve Geist and Douglas E. Turnbull join FSRA’s Board of Directors for a two-year term

FSRA releases 2024-25 Consumer Advisory Panel Annual Report FSRA’s Consumer Advisory Panel provides a consumer perspective to help inform the regulator’s work and deliver on its vision of financial safety, fairness and choice for Ontarians. The panel meets regularly and offers advice on FSRA’s

Ontario's financial services regulator, FSRA, has initiated enforcement action against Joel Kelman (Kelman) and 1368486 Canada Inc. operating as “Quick Cash Mortgage” (QC Mortgage). FSRA alleges that Kelman is not suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act

Ontario’s financial services regulator (FSRA) is establishing a new Technical Advisory Committee (TAC) for Auto Insurance Fraud. FSRA is looking for 8–10 experienced professionals to provide technical expertise and strategic advice. The TAC members will play a critical role in advancing FSRA’s Fraud

Ontario's financial services regulator, FSRA, has imposed an administrative penalty in the amount of $15,000 and a compliance order to cease and desist administering mortgages in Ontario on Razer Capital Corporation (Razer Capital). Razer Capital contravened section 5(2) of the Mortgage Brokerages

Ontario's financial services regulator, FSRA, has issued an Order refusing to renew the life and accident and sickness agent licence issued to Hong Wei Liao (“Liao”) under the Insurance Act, R.S.O. 1990, c.I.8., as amended (the “Act”) and its regulations. Liao is not suitable to hold a licence as an