Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) continues to protect Ontario consumers and pension plan members. FSRA uses a principles-based and outcomes-focused approach to regulate financial services and pensions in Ontario. Today, FSRA released its 2022-2023 Annual Report. The

The Financial Services Regulatory Authority of Ontario (FSRA) is actively working to better protect consumers and build public confidence in the mortgage brokering sector. Following two public consultations, FSRA is releasing final guidance that captures key obligations and standards of practice

In this issue Welcome Supervising the mortgage broker sector You can expose wrongdoing safely Protecting the public and deterring bad behavior Attention mortgage professionals: Compliance blitz coming Act fast: Deadlines approaching Taking personal responsibility to protect your sector Mortgage

The Financial Services Regulatory Authority of Ontario (FSRA) is warning consumers that an individual referring to themself as Harry Insurance, Swaveer Khati and/or Jarmandeep Singh is not licensed to conduct insurance business in Ontario. This individual appears to be assisting customers to obtain

On September 1, 2023, the Ministry of Finance released a second consultation document on proposed regulations necessary for implementing a permanent target benefit framework for pensions in Ontario. The proposed framework is designed to strengthen governance, improve transparency and equity, and

The Financial Services Regulatory Authority of Ontario (FSRA) is releasing its final Rule 2022 – 001 Assessments and Fees (Fee Rule). The Minister of Finance approved the Fee Rule on September 13, 2023. The Fee Rule governs how FSRA assesses and collects fees from the sectors it regulates and aligns

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. As of today, FSRA will require new licence applicants to complete their criminal record checks through our approved vendor Triton

The Financial Services Regulatory Authority of Ontario (FSRA) revokes registration of the Pension Plan for Presidents of 1479888 Ontario Inc., Registration Number 1073147 (Plan). The Plan does not comply with the Pension Benefits Act (Act) and the regulations made under the Act, and that the Plan is

FSRA has released its Q1 2023-2024 Service Standards Scorecard. In this quarter, FSRA met or exceeded performance targets for 90% of its standards. The report measures activities such as licence renewals, regulatory applications, and the handling of complaints. Key highlights from the Q1 report

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Millicent Prince (Prince). FSRA alleges that Prince was dealing in mortgages while Prince’s licence was suspended, and also after it was subsequently revoked, contrary to section 2(3) of the