Announcements

Sector assets grew in the third quarter, but profitability is down and loan delinquencies are up FSRA’s Q3 2023 Sector Outlook report found that there was year-over-year growth in sector assets. However, ongoing inflationary pressures and high interest rates continue to impact credit unions. The

In response to stakeholder feedback, FSRA is proposing to improve the transparency of its quality assurance and reconsideration processes for credit unions. These processes will ensure that FSRA's assessments are accurate and consistent, promoting trust, confidence, and stability in the credit union

As announced in July, the Financial Services Regulatory Authority of Ontario (FSRA) has changed its licensing processes for criminal record checks to ensure the processes remain up-to-date and are as efficient as possible. This process now applies to corporate and partnership insurance agencies as

The Financial Services Regulatory Authority of Ontario (FSRA) has changed its licensing processes for criminal record checks to ensure the processes remain up-to-date and are as efficient as possible. What has changed? As of today, directors, officers or partners (DOPs) are required to complete a

The Financial Services Regulatory Authority of Ontario (FSRA) has imposed administrative penalties of $5,000 against Arman Raymond Iskin (Iskin) and $7,500 against Streamline Mortgages Ltd. (Streamline Mortgages), and imposed a compliance order against Streamline Mortgages. Streamline Mortgages

The Financial Services Regulatory Authority of Ontario (FSRA) is taking steps to help ensure Ontario consumers are receiving mortgage products that are right for them and their family. Today, FSRA is proposing Guidance that explains how the mortgage brokering sector can demonstrate that the

We are pleased to send you the December 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

The Financial Services Regulatory Authority of Ontario (FSRA) is committed to promoting the good administration of Ontario pension plans and protecting and safeguarding pension benefits and the rights of pension plan beneficiaries. FSRA has selected the Investment Management Corporation of Ontario

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Nexus Seulal (Seulal). FSRA alleges that Seulal’s past conduct affords reasonable grounds for belief that he will not deal or trade in mortgages in accordance with the law and with integrity and

To help protect vulnerable consumers and their families when purchasing life and health insurance, the Financial Services Regulatory Authority of Ontario (FSRA) is launching a consumer education campaign. The campaign will empower consumers to: ask the right questions understand the products they