Announcements

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

Ontario's financial services regulator, FSRA, has initiated enforcement action Michael Ryland Slattery (Slattery) and Skylark Holdings Limited (Skylark). FSRA alleges that Slattery is no longer suitable for licensing as his past conduct affords reasonable grounds for belief that he will not deal or

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

To better protect homebuyers and mortgage investors, Ontario’s financial services regulator (FSRA) is releasing final Guidance to help ensure current and aspiring mortgage agents and brokers are suitable to hold a licence. The Guidance helps mortgage professionals understand how past and current

To reduce consumer harm and the additional costs associated with auto insurance fraud, Ontario’s Financial Services Regulator (FSRA) is proposing a new Rule on auto insurance fraud reporting. Once the Proposed Rule is in effect, insurance companies will be required to provide specific information to

Interim leader named as open and competitive search begins CEO of the Financial Services Regulator of Ontario (FSRA), Mark White, has been confirmed as Chair of the Ontario Energy Board and will be stepping down effective Tuesday, July 16, 2024. Mr. White’s nomination was announced by the Minister

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Po Yuk (Peggy) Chan (“Chan”). FSRA is proposing to impose administrative penalties in the total amount of $83,600 on Chan. FSRA alleges that Chan contravened the Mortgage Brokerages, Lenders and Administrators Act

We are pleased to send you the July 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