Announcements

FSRA recruiting new members for its Consumer Advisory Panel Ontario’s financial services regulator (FSRA) is looking for new members to join its Consumer Advisory Panel. As a Panel member, your perspectives are considered when the regulator is developing policies or considering initiatives or

Ontario’s financial services regulator, FSRA, has issued orders imposing administrative penalties of $17,500 on Real Mortgage Associates Inc. (RMA) and $15,000 on its principal broker, Rohan (Ron) De Silva (De Silva). RMA contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act

The Executive Vice President, Credit Union and Insurance Prudential at the Financial Services Regulatory Authority of Ontario (FSRA), Mehrdad Rastan, has been named Chair of the Credit Union Prudential Supervisors Association (CUPSA) for 2024-25. Rastan is transitioning to the role after previously

Ontario’s financial services regulator, FSRA, has initiated enforcement actions against Jasneet Singh Bajwa (Bajwa). FSRA alleges that Bajwa is not suitable to be licenced under the Insurance Act, R.S.O. 1990, c.I.8, as amended, and that Bajwa is not suitable to be licenced under the Mortgages

Ontario's financial services regulator, FSRA has initiated enforcement action against Cory McNaught (McNaught). FSRA alleges that McNaught is no longer suitable to be licensed as a mortgage agent because McNaught has provided false information with respect to the application for the licence, and

FSRA is seeking one new member to join its Technical Advisory Committee on Insurer Oversight of Managing General Agencies (MGAs). Members of this advisory committee provide FSRA with expert advice on trends and issues related to the distribution of life and health insurance via MGAs. The new member

On August 20, 2024, Ontario’s Financial Services Regulator (FSRA) released the 2024 Annual Auto Insurance Attestation. Under the authority of the Insurance Act, FSRA requires all licensed insurance companies in Ontario writing auto insurance to complete the Annual Auto Insurance Attestation. The

Ontario’s financial services regulator, FSRA, has accredited Humber Polytechnic to provide the mortgage agent level 1 course. FSRA continues to help aspiring mortgage professionals acquire the skills and knowledge needed to protect consumers and investors. FSRA-accredited course providers are

Ontario's financial services regulator, FSRA, has initiated enforcement action against Nasir Syed Zaidi Hussain (“Hussain”), Upanshuman Pandey (“Pandey”), Expert Financial Corporation (“Expert Financial”) and Varinder Singh Virk (“Virk”). Hussain did not request a hearing regarding the proposal, and

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