Announcements

Annual Compliance Report Identified Several Areas of Non-Compliance, Need for Sector Education To help maintain fair and reasonable auto insurance rates for consumers and reduce opportunities for fraud, the Financial Services Regulatory Authority of Ontario (FSRA) regulates the billing practices of

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Daniel George Gordon and Gordon Wealth Management Limited. FSRA alleges that Daniel George Gordon used coercion or undue influence to secure insurance business, contrary to section 17(a) of Ontario

KPMG Inc. has been appointed by the Ontario Superior Court of Justice as liquidator (the “Liquidator”) of PACE Savings & Credit Union Limited (“PACE”). The Liquidator was appointed by upon nomination by FSRA as the administrator of PACE. The Court will now have oversight over the liquidation process

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