Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) refused to renew the Life, Accident and Sickness insurance agent licence and imposed an administrative penalty of 10,000 against Vineet Anand (Anand). Anand contravened the Insurance Act by failing to disclose a conflict of interest or

To better protect consumers and ensure Financial Planners and Financial Advisors are being properly supervised, Ontario’s Financial Services Regulator (FSRA) requires all FSRA-approved credentialing bodies to complete and submit an Annual Information Return (AIR). The data collected is used to

Joanne De Laurentiis, Chair of the Financial Services Regulatory Authority of Ontario (FSRA), is pleased to announce the appointment of Ali Salahuddin to the FSRA Board of Directors for a two-year term, effective January 11, 2024. A seasoned senior financial services executive, Ali Salahuddin has

The Financial Services Regulatory Authority of Ontario (FSRA) has imposed administrative penalties in the total amount of $60,000 against Oppong. FSRA alleges that Oppong contravened the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”) and its regulations as follows: By using coercion and

Ontario’s financial services regulator, FSRA, is taking steps to educate and protect consumers who are retired or planning for retirement. FSRA is releasing information guidance that explains distinctions between decumulation products and pension or insurance products. It also offers some important

In our ongoing efforts to strengthen protection for life insurance customers with segregated fund contracts, Ontario’s financial services regulator, FSRA, is proposing a second amendment to the Unfair or Deceptive Acts or Practices (UDAP) Rule. The amendment has been submitted to the Minister of

Have your say on FSRA’s Proposed Approach to Strengthening Protection of Vulnerable Consumers Save the date Join FSRA live online for an overview of its proposed Approach to Strengthening Protection of Vulnerable Consumers and an interactive Q&A. Thursday, February 8, 2024 12- 12:30PM ET Register

We are pleased to send you the January 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

The Financial Services Regulatory Authority of Ontario (FSRA) wants to make sure everyone pays a fair price for auto insurance. That’s why it is launching a Test and Learn Environment (TLE) to look at various ways to apply territory ratings. FSRA believes this approach will help foster innovation

FSRA is taking steps to promote reasonable credit union commercial lending practices to ensure that their members are protected. FSRA has developed Commercial lending Guidance that establishes outcomes credit unions must achieve to manage and mitigate risks associated with commercial lending. The