Announcements
Results 51 - 60 of 979
Announcements
Credit Unions and Caisses Populaires
All
The Executive Vice President, Credit Union and Insurance Prudential at the Financial Services Regulatory Authority of Ontario (FSRA), Mehrdad Rastan, has been named Chair of the Credit Union Prudential Supervisors Association (CUPSA) for 2024-25. Rastan is transitioning to the role after previously
Enforcement Actions
Life and Health Insurance, Mortgage Brokering
All
Ontario’s financial services regulator, FSRA, has initiated enforcement actions against Jasneet Singh Bajwa (Bajwa). FSRA alleges that Bajwa is not suitable to be licenced under the Insurance Act, R.S.O. 1990, c.I.8, as amended, and that Bajwa is not suitable to be licenced under the Mortgages
Enforcement Actions
Mortgage Brokering
All
Ontario's financial services regulator, FSRA has initiated enforcement action against Cory McNaught (McNaught). FSRA alleges that McNaught is no longer suitable to be licensed as a mortgage agent because McNaught has provided false information with respect to the application for the licence, and
Announcements
Life and Health Insurance
For Industry
FSRA is seeking one new member to join its Technical Advisory Committee on Insurer Oversight of Managing General Agencies (MGAs). Members of this advisory committee provide FSRA with expert advice on trends and issues related to the distribution of life and health insurance via MGAs. The new member
Announcements
Auto Insurance
For Industry
On August 20, 2024, Ontario’s Financial Services Regulator (FSRA) released the 2024 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 Attestation. The
Announcements
Mortgage Brokering
All
Ontario’s financial services regulator, FSRA, has accredited Humber Polytechnic to provide the mortgage agent level 1 course. FSRA continues to help aspiring mortgage professionals acquire the skills and knowledge needed to protect consumers and investors. FSRA-accredited course providers are
Enforcement Actions
Mortgage Brokering
All
Ontario's financial services regulator, FSRA, has initiated enforcement action against Nasir Syed Zaidi Hussain (“Hussain”), Upanshuman Pandey (“Pandey”), Expert Financial Corporation (“Expert Financial”) and Varinder Singh Virk (“Virk”). Hussain did not request a hearing regarding the proposal, and
Announcements
Credit Unions and Caisses Populaires
For Industry
FSRA celebrates all those who work at Ontario credit unions and caisses populaires on International Credit Union Day!
Reports
Credit Unions and Caisses Populaires
All
According to FSRA’s Q2 2024-25 Sector Outlook Report, Ontario’s credit unions grew assets in the latest quarter but are facing slowing profitability. Profitability slowed primarily as a result of increased interest expense, and delinquency is increasing as more people were late in paying both
Enforcement Actions
Mortgage Brokering
All
Ontario's Financial Services Regulator, FSRA, has initiated enforcement action against Raouf Ghadrdoust (Ghadrdoust). FSRA alleges that Ghadrdoust is no longer suitable for licensing as his past conduct affords reasonable grounds for belief that he will not deal or trade in mortgages in accordance