Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) is taking steps to ensure mortgage administrators are better protecting funds and investments they handle for investors and lenders. FSRA is now consulting on proposed guidance that explains what mortgage administrators need to do to

The Financial Services Regulatory Authority of Ontario (FSRA) welcomes 15 new members to its Technical Advisory Committee (TAC) for Auto Rates and Underwriting Regulation Reform (ARURR). The purpose of this reform is to make auto insurance rates and underwriting fairer, promote regulatory efficiency

In this Pension eBlast Introduction FSRA Reports Q1 2023 Solvency Report New processes, updates and reminders New: Guide on Bankruptcy Update: Pension Plan examinations Update: Outreach to Defined Contribution (DC) Pension plans Update: More than 175,000 missing members in Ontario Consultation on

FSRA’s latest solvency report attributes growth to strong investment gains The Financial Services Regulatory Authority of Ontario (FSRA) released its Q1 2023 Solvency Report today and found that the health of most pension plans in the province continues to improve despite challenges with high

FSRA is carrying out further consultation on its proposed Assessments and Fee Rule (Fee Rule), specifically relating to fees for the New Self Regulatory Organization (SRO). FSRA is proposing an amendment to the Fee Rule that, if approved, would reduce New SRO’s fees, recognizing that the Ontario

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Murteza Mohamedali (Mohamedali). FSRA is proposing to revoke the licence and impose administrative penalties in the total amount of $50,000 on Mohamedali. FSRA alleges that Mohamedali is no longer

In August 2022, pursuant to an Order of the Ontario Superior Court of Justice (the “Court”), KPMG Inc. was appointed as the liquidator (the “Liquidator”) of PACE Savings & Credit Union Limited (“PACE”). By virtue of the appointment of the Liquidator, FSRA ceased being the administrator of PACE and

Through market conduct supervision and enforcement activities, The Financial Services Regulatory Authority of Ontario (FSRA) is working to ensure life and health insurance agents are compliant with legislation, regulations, and that they are working to achieve fair outcomes for customers. In 2021-22

The Financial Services Regulatory Authority of Ontario has imposed an administrative penalty in the amount of $30,000 against Daniel Conrado (Conrado). Conrado acted as an insurance agent without a license, contrary to section 2(1) of Ontario Regulation 347/04 under the Insurance Act. Conrado did

We are pleased to send you the May 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