Announcements

TORONTO, December 18, 2020 - The Financial Services Regulatory Authority of Ontario (FSRA) today launched a public consultation seeking feedback from insurance consumers, industry and other interested stakeholders for its first proposed insurance rule. The proposed UDAP rule is aimed at making the

TORONTO, December 18, 2020 - The Financial Services Regulatory Authority of Ontario (FSRA) is releasing updated liquidity guidance to further enhance prudent liquidity management in the credit union sector. The new guidance will come into effect on January 1, 2021. The updates to the guidance will

Employers of certain individual pension plans (IPPs) or designated plans (DPs) can now elect to exempt their plans from the application of the PBA, its regulations and FSRA’s rules. Employers who wish to exempt their IPPs or DPs from the PBA must complete and submit a PBA Exemption Election Form and

TORONTO, December 14, 2020 - The Financial Services Regulatory Authority of Ontario (FSRA) is issuing final Interpretation and Approach Guidance for certain co-operative corporations that propose to issue securities. The Guidance sets out enhanced disclosure requirements, and FSRA’s review and

TORONTO, December 14 2020 – The Government of Ontario has recently amended the Pension Benefits Act (PBA) when it passed the Better for People, Smarter for Business Act. A key change is that employers of certain individual pension plans (IPPs) or designated plans (DPs) can elect to exempt their

December 14, 2020, Toronto – David is a senior corporate executive with over 20 years experience leading large and mid-sized multinationals and Fortune 100 companies in the building and optimization of their financial, capital and risk management strategies and capabilities. He has held senior-level

FSRA has issued two new final Guidance documents: Missing Members - Principles and Practices to help ensure plan members receive their benefits they when they fall due; and Waiver of Biennial Statements for Missing Former and Retired Members which outlines FSRA’s process to apply to waive the

The Canadian Council of Insurance Regulators (CCIR) has published its first Annual Statement on Market Conduct public report about insurer policies and practices as they relate to the Fair Treatment of Customers. Insurers can use the report to compare their overall policies, procedures and

We are pleased to send you the November 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

FSRA has released its Sector Outlook report for the third quarter of 2020. The Sector Outlook Report provides insights on economic factors that impact the operations and financial performance of credit unions as well as industry trends. Learn more at: Sector Outlook Report 3Q-2020