Announcements

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

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

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 conducting a review of the health service provider guidelines and frameworks. This will help make the auto insurance system more modern, efficient, and ensure consumers injured in auto accidents continue to get the care they need. As part of this

In this issue Welcome Supervising the mortgage broker sector FSRA to engage more closely with large brokerages after concerns identified Better supervision and oversight needed for brokering and administering mortgage investments Promissory notes may be securities regulated by the Ontario Securities

Ontario’s financial services regulator, FSRA, has revoked the service provider’s licence (license # SP17663) of Neuromotion Therapy Centre (Neuromotion). Neuromotion’s principal representative, Akram Elmuradi (Elmuradi), on behalf of Neuromotion, made a material misstatement or omission on

Ontario’s financial services regulator, FSRA, is releasing its annual Mortgage Brokering Supervision Plan to ensure the mortgage brokering sector continues to protect consumers. “As economic conditions remain uncertain, it’s critical for mortgage professionals to understand their responsibilities,”

Ontario's financial services regulator, FSRA, has initiated enforcement action against Avraj Singh Dulay (Dulay). FSRA alleges that Dulay fabricated documents in connection with several property purchase transactions, contrary to section 43(2) of the Act. FSRA also alleges that Dulay caused his

Ontario’s financial services regulator, FSRA, has refused to issue an insurance agent licence to Sivashanthi Vijayakumaran (“Vijayakumaran”) under the Insurance Act, R.S.O. 1990, c.I.8., as amended (the “Act”), and its regulations. Vijayakumaran is not suitable to hold a licence as an insurance

This partnership will help pave the way for the introduction of new or improved products and services to the financial services market in Ontario Ontario’s financial services regulator (FSRA) and Fintech Cadence have announced a new partnership to foster fintech innovation in Ontario. This one-year