Announcements

Financial Services Regulatory Authority of Ontario Chair Joanne De Laurentiis is pleased to announce the appointment of Peggy McCallum to the FSRA Board of Directors for a two-year term, effective May 18, 2023. Peggy McCallum has considerable experience in providing legal and governance advice on

We are pleased to send you the June 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) has revoked a life insurance and accident and sickness agent licence of Yogender Jain (Jain), and imposed administrative penalties in the total amount of $100,000 against Jain and administrative penalties in the total amount of $100,000

The Financial Services Regulatory Authority of Ontario (FSRA) is taking additional steps to gather public input and better protect consumers We are holding further consultations on an updated proposed amendment to the Unfair or Deceptive Acts or Practices (UDAP) Rule. The updated proposed amendment

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Stewart Edward Ranft (Ranft). FSRA alleges that Ranft contravened the Insurance Act (Act) and its regulations by: making several false and misleading statements and representations to an insurer in

The Financial Services Regulatory Authority of Ontario (“FSRA”) issued orders revoking the mortgage brokerage licence and mortgage administrator licence of Hi-Rise Capital Ltd., (“Hi-Rise”) and imposing administrative penalties in the total amount of $350,000. FSRA also issued an order and is

The Financial Services Regulatory Authority of Ontario has revoked the mortgage brokerage licence and the mortgage administrator licence issued to First Swiss Mortgage Corp. (First Swiss). First Swiss is no longer suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act

The Financial Services Regulatory Authority of Ontario (FSRA) issued an order refusing to issue a Health Service Provider licence to Parkside Village Therapy Inc. (Parkside). Parkside is not suitable for licensing as contemplated under section 2(2) of Ontario Regulation 348/13 on the basis that

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against James Michalopoulos (Michalopoulos). FSRA alleges that Michalopoulos provided false or misleading information to FSRA on his licence applications, contrary to section 45 of the Mortgage Brokerages

The Financial Services Regulatory Authority of Ontario (FSRA) announced today that the Minister of Finance has approved the Amended Unfair or Deceptive Acts or Practices (UDAP) Rule. The Amended UDAP Rule will strengthen protection for life insurance customers. It does so by eliminating new sales of