Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) issued an order revoking the mortgage brokerage licence of Financial Ties Ltd. and imposing administrative penalties in the total amount of $15,000 against Financial Ties Ltd. FSRA also issued an order imposing administrative penalties in

The Financial Services Regulatory Authority (FSRA) is alerting consumers that any entity using the name of “HonoUno Credit Union” or “HonoUno Credit Union Foundations” is not a registered credit union in Ontario. In accordance with the Credit Unions and Caisses Populaires Act, 2020, “No person

To better protect and prevent unauthorized access to sensitive client information in the mortgage brokering sector, FSRA is releasing final guidance on cybersecurity preparedness. This guidance adopts the Mortgage Broker Regulators’ Council of Canada’s Cybersecurity Guidance which provides leading

FSRA has released its annual report on the funding of defined benefit pension plans in Ontario. FSRA estimated the projected funded ratio of the plans has improved slightly. In general, this means during the report period, plans remained well funded. FSRA has also released its latest quarterly

In this Pension eBlast New Guidance Consultations Consultation on Proposed Guidance on Pension Plan Amendments Consultation on Proposed Guidance on Actions to Avoid Deregistration of a Pension Plan Under the Federal Income Tax Act FSRA Reports FSRA Releases Q2 2022 Solvency Report FSRA Releases 2021

The Financial Services Regulatory Authority of Ontario (FSRA) is committed to promoting the good administration of pension plans and protecting the rights and benefits of all plan beneficiaries. To help ensure pension plan administrators are following the provisions of the Pension Benefits Act, FSRA

The Financial Services Regulatory Authority of Ontario (FSRA) is committed to promoting the good administration of pension plans and protecting the rights and benefits of all plan beneficiaries. FSRA is supporting pension plan administrators, sponsors and members by releasing proposed guidance that

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Jay Sanjay Patel, Nirali Chandrakant Patel and Pratik Gohel. FSRA alleges that Jay Sanjay Patel contravened the following sections of the Insurance Act and its regulations: section 395 by making

As part of its ongoing commitment to include consumers in the policymaking process, FSRA has launched its second Resident Reference Panel on Automotive Insurance. Over multiple sessions, the panel focussed on rate regulation and data & analytics related to auto insurance. Rate Regulation: continuing

We are pleased to send you the July 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