Announcements

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

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 Masoud Asnafi (“Asnafi”), Rohan De Silva (“De Silva”), Real Mortgage Associates Inc. (“RMA”), and Approved Mortgage Brokers Inc. (“AMB”). FSRA is proposing to refuse to renew the mortgage broker licence issued to

Joanne De Laurentiis, Chair of the Financial Services Regulatory Authority of Ontario (FSRA), is pleased to announce the extension of terms for two board members, Kathryn Bouey and Brent Zorgdrager. Ms. Bouey’s term has been extended to December 28, 2024, while Mr. Zorgdrager’s term has been

Ontario's financial services regulator, FSRA, has refused to renew the Life Insurance and Accident Sickness Insurance Agent licence of Manpreet Kaur Dhillon (“Dhillon”), and confirmed summary administrative penalty of $1,000. Dhillon contravened sections 14 and 8(b) of Ontario Regulation 347/04

Ontario’s Financial Services Regulator, FSRA has refused to renew the mortgage agent licence of Manpreet Ghai (Ghai) and imposed administrative penalties in the total amount of $18,000 against Ghai. Ghai was previously licensed as a mortgage agent under the Mortgage Brokerages, Lenders and

The term for Joanne De Laurentiis, Chair of the FSRA Board of Directors, has been extended for an additional year. This extension ensures continuity for the FSRA Board, allowing it to continue its strategic direction and oversight. Joanne's continued leadership will be instrumental in guiding FSRA's

Ontario’s financial services regulator, FSRA, believes companies providing home insurance can improve their claims handling processes to better support the fair treatment of consumers. This was the conclusion of FSRA’s first Home Insurance Thematic Review of 20 property and casualty (P&C) insurers

Ontario life insurance customers can be confident that they can invest in new individual segregated fund contracts and access their money later with no surprise sales charge fees. Ontario’s financial services regulator (FSRA) performed an industry compliance check to ensure life insurance companies