Announcements

According to FSRA’s Q2 2024-25 Sector Outlook Report, Ontario’s credit unions grew assets in the latest quarter but are facing slowing profitability. Profitability slowed primarily as a result of increased interest expense, and delinquency is increasing as more people were late in paying both

Ontario’s Financial Services Regulator (FSRA) is pleased to release its 2023-2024 Annual Report, which highlights its activities and achievements over the past year and its commitment to accountability to the people of Ontario and the Minister of Finance. In the past year, FSRA has made significant

Ontario's Financial Services Regulator, FSRA, has initiated enforcement action against Raouf Ghadrdoust (Ghadrdoust). FSRA alleges that Ghadrdoust is no longer suitable for licensing as his past conduct affords reasonable grounds for belief that he will not deal or trade in mortgages in accordance

Ontario's financial services regulator, FSRA, has initiated enforcement action against Sabine Quattrociocchi (Quattrociocchi) and Diamond Capital Investments Inc. (Diamond Capital). FSRA alleges that Quattrociocchi contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006, (Act) by

Mortgage professionals should be aware of FINTRAC’s new self-assessment questionnaire to help them determine the Proceeds of Crime (Money Laundering) and Terrorist Financing Act associated Regulations that apply to them. Mortgage professionals had not previously been subject to this Act, but they

Ontario's financial services regulator, FSRA, has refused to renew the insurance agent licence of Maurice Aziz (Aziz). Aziz is not suitable to hold a licence because he has contravened Ontario Regulation 347/04 by providing material misstatements or omissions in his applications for an insurance

Ontario’s financial services regulator, FSRA, has initiated enforcement actions against Harpinder “Nancy” Deol (“Deol”) and 1539339 Ontario Inc. FSRA is proposing to impose two (2) administrative penalties in the total amount of $60,000 on Deol and one (1) administrative penalty in the amount of $50

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

FSRA announces its first grants recipients Ontario’s financial services regulator (FSRA) is pleased to announce the inaugural recipients of its grant funding program. FSRA grants support educational and research initiatives for a number of purposes, including help consumers with financial literacy

Ontario’s financial services regulator, FSRA, is taking action to help ensure fair outcomes for people getting or investing in a mortgage. Today, FSRA is releasing final guidance that sets out practices to help brokerages and principal brokers be more effective at carrying out their responsibilities