Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Andrew Shaul Psychology Professional Corporation. FSRA alleges that Andrew Shaul Psychology Professional Corporation failed to comply with Superintendent Guideline No. 02/18 ("Guideline") contrary

The Financial Services Regulatory Authority of Ontario (FSRA) is giving users of the Financial Advisor and Financial Planner titles in Ontario more time to find a path to comply with the Financial Professionals Title Protection Framework. As previously announced, FSRA is focusing its resources on

The Financial Services Regulatory Authority of Ontario (FSRA) has issued a compliance order with respect to Greatway Financial Inc. (Greatway). Greatway has consented to the order. FSRA previously issued a Notice of Proposal alleging that Greatway was committing acts which might reasonably be

The report will assist the regulator when considering changes to auto insurance rates Today, the Financial Services Regulatory Authority of Ontario (FSRA) released its Ontario private passenger automobile annual review guidance. The guidance includes updated loss cost benchmarks that reflect

The Financial Services Regulatory Authority of Ontario (FSRA) is releasing its updated Minimum Capital Test Guideline for Ontario-incorporated Property and Casualty Insurance Companies and Reciprocals. The Minimum Capital Test Guideline helps to ensure insurance companies in Ontario are financially

The Financial Services Regulatory Authority of Ontario (FSRA) issued orders imposing administrative penalties in amounts between $15,000 - $55,000 on Jay Sanjay Patel, Nirali Chandrakant Patel and Pratik Gohel. Jay Sanjay Patel, Nirali Chandrakant Patel and Pratik Gohel were licensed insurance

Pursuant to Section 102 of the Insurance Act (Ontario), all Ontario insurers are required to file annual returns for the year ended on October 31, 2022 or December 31, 2022, with the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario, or his or her designate. Section

FSRA is giving mortgage brokerages and administrators more time to collect and prepare information required to file their Annual Information Return (AIR). The regulator has posted questionnaires earlier than in previous years. FSRA uses the AIR data to inform its risk assessment and oversight of

FSRA releases three new Guidance New Guidance Guidance for reporting and resolution of rating and underwriting errors Guidance for automobile insurance non-standard forms, endorsements and certificates of insurance approval filing process Election not to claim direct compensation property damage

The Financial Services Regulatory Authority of Ontario (FSRA) is releasing its third quarter outlook report for the credit unions and caisses populaires sector. The report found that credit quality was stable but likely to deteriorate based on continued inflation, housing and mortgage affordability