Announcements

The Financial Services Tribunal has announced that it is holding a 30-day public consultation on two new draft practice directions relating to in-person hearings before the Tribunal during the COVID-19 crisis and electronic hearings before the Tribunal more generally via Microsoft Teams video

The Financial Services Regulatory Authority of Ontario (FSRA) is seeking expert advice to promote safety and innovation in the mortgage brokering sector. FSRA is forming a new Mortgage Brokering Technical Advisory Committee (Advisory Committee). We are now seeking members to join. The Advisory

The Financial Services Regulatory Authority of Ontario (FSRA) is seeking expert advice to enhance conduct in the Life & Health Insurance sector. FSRA is forming two new technical advisory committees (Advisory Committee). We are now seeking members to join. In response to ongoing trends observed in

TORONTO, ON – September 24, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) is proposing 22 new service standards to set clear service expectations and targets. By creating effective service standards, FSRA will be able to use the quarterly results to improve its public service

Loss Trend Benchmarks for Private Passenger Automobile Major Rate Filings based on Industry Data as of December 31st, 2019 The Financial Services Regulatory Authority of Ontario (FSRA) has released its updated auto industry Benchmarks. FSRA’s new Benchmarks, based on data as of December 31, 2019

TORONTO, September 21, 2020 – Ontario is providing employers with the option to defer contributions to certain defined benefit pension plans to help with their businesses’ cash flow during COVID-19, while providing safeguards for funding member benefits. Eligible private sector employers will be

The Financial Services Regulatory Authority of Ontario (FSRA) has identified two key areas of assessment in the Life and Health (L&H) Insurance sector for 2020-2021: the adoption of principles by insurance companies that guide the fair treatment of consumers how managing general agencies contracted

FSRA has released its Q2 2020 Estimated Solvency Report for Ontario's Defined Benefit Pension Plans. The report helps FSRA promote good administration of pension plans, and is a supervisory tool FSRA uses to improve outcomes for pension plan beneficiaries. Learn more at: Quarterly Update on

FSRA is seeking input on new Guidance that sets out how we will exercise our discretion and may provide consent for the purposes of an asset transfer transaction under the Pension Benefits Act (PBA). Read more...

TORONTO, September 10, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) has entered into a settlement with Fortress Real Developments Inc. (FRDI) under which FRDI will pay $250,000 in administrative penalties. Between 2009 and 2018, FRDI and its predecessor (Fortress Real Capital