Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) is sharing the latest updates on the implementation of the Financial Professionals Title Protection Framework. 2023/24 Financial Planners and Financial Advisors Supervision Plan FSRA will release our first Financial Planners and Financial

The Financial Services Regulatory Authority of Ontario (FSRA) settled an enforcement action with Andrew Shaul Psychology Professional Corporation (ASPPC) relating to the service provider licence. ASPPC contravened the following sections of the Insurance Act (Act) and its regulations: Section 12(1)

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Patricia Porretta (Porretta). FSRA alleges that Porretta provided false or deceptive information when dealing in mortgages, contrary to section 43(2) of the Mortgage Brokerages, Lenders and

The Financial Services Regulatory Authority of Ontario (FSRA) is the regulatory body for Ontario's property and casualty (P&C) and general insurance sector. Ensuring the fair treatment of consumers in the P&C insurance sector is a key FSRA priority. Since launch, FSRA developed a comprehensive

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Tejpal Mann (Mann) and Daniel Emmerson Tiffin (Tiffin). FSRA alleges that Mann contravened the Insurance Act (Act) by directly or indirectly paying or allowing compensation to be paid to a non

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against My Mortgage Auction Corp. (MMAC) and Gregory Joseph Martel (Martel). FSRA alleges that Martel and MMAC are not suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act

The Financial Services Regulatory Authority of Ontario (FSRA) is taking action to ensure life insurance agent candidates act with honesty and integrity and industry standards are protected. FSRA has received reports of cheating by some candidates writing the virtual Life Licence Qualification

The Financial Services Regulatory Authority of Ontario (FSRA) imposed administrative penalties in the total amount of $20,000 against Sudeep Sharma (Sharma). Sharma contravened the Insurance Act and its regulations by: Making false and misleading statements or representations in the solicitation or

The Financial Services Regulatory Authority of Ontario (FSRA) revoked the insurance agent licence of Susan Keshen (Keshen), refused her application to renew her licence, and imposed administrative penalties in the total amount of $18,000 against her. Keshen contravened the Insurance Act and its

Credit Union Total Assets Grow while Profitability Decreased and Delinquencies Increased over the Past Year In its first 2023 quarterly outlook report for the credit unions and caisses populaires sector, the Financial Services Regulatory Authority of Ontario (FSRA) found that while there was year