Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Jaswinder Dhanoa (Dhanoa). FSRA alleges that Dhanoa contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act) by giving false or deceptive information and documents when

We are pleased to send you the November 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 mark Financial Literacy Month this November, the Financial Services Regulatory Authority of Ontario (FSRA) is setting out four steps Ontarians should take before making major financial decisions. “It’s more important than ever to spend and invest smarter. The opportunities are there, consumers

At FSRA, we are building trust in the financial services sector and ensuring that consumers have access to fair and transparent financial products. To find out more about how we are making progress and regulating with purpose, view remarks delivered by Huston Loke, Executive Vice President, Market

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against James Hooker (Hooker). FSRA alleges that Hooker contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act) and its regulations as follows: By dealing in mortgages for

To help ensure FSRA is delivering on its vision to offer safety, fairness and choice for Ontarians, we engage with our industry partners, consumers (including pension plan beneficiaries and credit union members), and other stakeholders regularly. This is a key element of FSRA’s mandate and business

The Financial Services Regulatory Authority of Ontario (FSRA) is taking steps to ensure the Deposit Insurance Reserve Fund is sustainable and available to protect credit union depositors well into the future. Today, FSRA is releasing its Differential Premium Score Determination (DPSD) document which

On August 11, 2023, the Financial Services Regulatory Authority of Ontario (FSRA) released the 2023 Annual Auto Insurance Attestation. Under the authority of the Insurance Act, FSRA requires all licensed insurance companies in Ontario writing auto insurance to complete the Annual Auto Insurance

The Financial Services Regulatory Authority of Ontario (FSRA) has imposed a compliance order and an order imposing administrative penalties of $75,000 on McLaren Collision (McLaren) and $15,000 on Fady Warda (Warda). The compliance order prohibits McLaren and Warda from engaging in the business of

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Eli Benzaquen (Benzaquen). FSRA alleges that Benzaquen contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act) and its regulations as follows: By dealing in mortgages for