Announcements
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Enforcement Actions
Mortgage Brokering
All
The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Arman Raymond Iskin (Iskin) to impose administrative penalties in the amount of $15,000 and against Streamline Mortgages Ltd (Streamline Mortgages) in the amount of $10,000. FSRA alleges that Iskin
Announcements
Cross Sector
For Industry
Starting May 1, you can apply to renew your insurance adjuster licence. Your current licence expires on June 30, 2023. To apply: Complete the renewal application and send it to your sponsoring insurance adjusting firm Your sponsoring firm signs off on your application and submits it to FSRA The
Announcements
Cross Sector
For Industry
Starting May 1, you can apply to renew your corporate insurance adjusting firm licence. Your current licence expires on June 30, 2023. The renewal fee is $200. Renew your licence in the Online Services Portal: Submit your adjusting firm’s renewal application first On the same day, submit your
Announcements
Cross Sector
All
The Financial Services Regulatory Authority of Ontario (FSRA) is releasing its 2023-2026 Annual Business Plan (ABP) which continues to focus on people, technology, and processes to achieve regulatory excellence. The deliverables set out in this three-year plan will enable FSRA to better address
Announcements
Cross Sector
All
The Consumer Advisory Panel met with the Financial Services Regulatory Authority of Ontario (FSRA) on March 29, their first meeting of the 2023 term. The Panel welcomed the new Vice-Chair and newest members and spent time discussing their work plan for the new term. During this meeting, the Panel
Enforcement Actions
Mortgage Brokering
All
The Financial Services Regulatory Authority of Ontario (FSRA) has imposed three administrative penalties in the amount of $30,000 against Jeshuren Anandarajah (Anandarajah) and issued compliance orders against Anandarajah, Noah’s Ark Community Centre (NACC) and NACC Legal Services (NACCLS)
Enforcement Actions
Life and Health Insurance
All
The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing an administrative penalty in the amount of $20,000 on Mohd Tanvir (Tanvir) and an order imposing an administrative penalty in the amount of $12,000 on Satinder Kaur (Kaur). Tanvir and Kaur made false and
Announcements
Cross Sector
All
Huston Loke is committed to enhancing the fair treatment of consumers Huston Loke, Executive Vice President, Market Conduct at the Financial Services Regulatory Authority of Ontario (FSRA) has been appointed the new chair of the Canadian Council of Insurance Regulators (CCIR). CCIR is a national
Enforcement Actions
Pensions
All
The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Canada Forgings Inc. FSRA alleges that Canada Forgings has failed to remit contributions, including employee contributions, to its’ pension plans, contrary to section 55(2) of the Pension Benefits
Reports
Cross Sector
For Industry
FSRA Releases Consumer Advisory Panel Annual Report FSRA’s Consumer Advisory Panel provides a consumer perspective to help inform the regulator’s work and deliver on its vision of financial safety, fairness and choice for Ontarians. The panel meets regularly and offers advice on FSRA’s strategic