Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Vineet Anand (Anand). FSRA alleges that Anand failed to disclose to a client or prospective client conflicts of interest or potential conflicts of interest, contrary to section 16 of Ontario

We are pleased to send you the March 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 Tribunal has announced that it is holding a 30-day public consultation commencing on February 27 th, 2023 concerning the following: revision of the Tribunal’s Rules to expressly address frivolous, vexatious or bad faith motions under Rule 14 in a similar manner to the

New poll indicates drivers are worried they could become a fraud victim In a recent poll commissioned by the Financial Services Regulatory Authority of Ontario (FSRA) nearly 75% of respondents with auto insurance believe that auto insurance fraud is prevalent in Ontario, and more than 40% of them

The Financial Services Regulatory Authority of Ontario (FSRA) is setting out its approach for supervision and risk assessment with the release of the Risk Based Supervisory Framework for Ontario Incorporated Insurance Companies and Reciprocals (RBSF-I) Guidance. This guidance will contribute to the

As spring home buying season begins, FSRA encourages homeowners to take the time to understand what they are getting into As private mortgages become more prevalent in Ontario, the Financial Services Regulatory Authority of Ontario (FSRA) is strongly encouraging consumers to learn about the

In this issue Welcome New licensing requirements being implemented on April 1 for Mortgage Agents and Brokers Further Compliance Needed for Brokerages Placing Clients in Non-qualified Syndicated Mortgages Mortgage brokerages must enhance policies and procedures for reverse mortgage brokering

Antoinette Leung Appointed chair of the Mortgage Broker Regulators’ Council of Canada The Head of Financial Institutions & Mortgage Brokerage Conduct at the Financial Services Regulatory Authority of Ontario (FSRA), Antoinette Leung, has been appointed the new chair of the Mortgage Broker Regulators

The Financial Services Regulatory Authority of Ontario (FSRA) has issued a compliance order against Mark Dennis Carter (Carter), Earthink Incorporated and Earthink GmbH (together, Earthink). Carter and Earthink contravened the Loan and Trust Corporations Act (Act) as follows: they were conducting

2023 FSRA Exchange focused on consumer protection with panel discussions from many financial services industry experts and FSRA leaders. Please take some time to review the sessions and view the photo gallery of the in-person event. Learn more: 2023 FSRA Exchange – Recordings 2023 FSRA Exchange –