Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) has released its Q2 2024 Solvency Report and the 2023 Report on the Funding of Defined Benefit (DB) Pension Plans, highlighting the resilience and stability of Ontario's pension plans in the face of ongoing market challenges. Key

Ontario’s financial services regulator, FSRA, is warning consumers that Vatsal Pareshkumar Khamar (also known as Vic Kumar) is not licensed to conduct mortgage business in Ontario. We urge consumers not to obtain mortgages from or arranged through Khamar. There are potential risks. Consumers getting

Ontario’s financial services regulator (FSRA) is releasing its inaugural Private Residential Mortgage Lending in Ontario Report, which informs its supervision priorities in the mortgage brokering sector. FSRA has made private mortgages a key focus of its mortgage brokering sector supervision plan in

Ontario’s Financial Services Regulator (FSRA) is committed to making sure consumers have access to auto insurance rates that are fair and reasonable. To support this, FSRA is now consulting on the Draft Ontario Private Passenger Vehicles Annual Review. The Annual Review looks at auto insurance

Ontario's financial services regulator, FSRA, has initiated enforcement action against Jensen Ocampo (Ocampo). FSRA alleges that Ocampo repeatedly contravened section 2(2) of Ontario Regulation 7/00 (in force at the time) by paying a rebate of all or part of the premium stipulated by a policy to a

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Ulrich Fabrice Avognon (Avognon). FSRA alleges that Avognon contravened the Insurance Act, R.S.O. 1990, c.I.8, as amended, and its regulations by committing an unfair or deceptive act or practice, namely being

Ontario’s financial services regulator, FSRA, has issued an Order against Xylem Canada Company (Xylem). Xylem contravened the Pension Benefits Act, R.S.O. 1990, c. P.8, and its regulations, by failing to submit regulatory filings for 2022 and 2023 relating to the Xylem Canada Company Pension Plan

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