Announcements

In this Pension eBlast A new fiscal year FSRA Reports Q1 2022 Solvency Report New processes and reminders New amendment process on the Pension Services Portal (Form 1.1) Introducing FSRA’s New Whistle-blower Program Coming soon: streamlined Annual Information Return for defined contribution pension

Initiative will offer enhanced protections for those willing to come forward FSRA is introducing a new Whistle-blower Program to more effectively identify misconduct in Ontario’s non-securities financial services sectors and better protect consumers. Whistle-blowers are a valuable source of

The Financial Services Regulatory Authority of Ontario (FSRA) is helping to foster a sustainable credit union sector by balancing the obligation to protect depositors with the need for credit unions to be competitive and take reasonable risks. In its final Business and Investment Activities Guidance

To better protect credit union members and depositors and enhance public confidence in the sector, the Financial Services Regulatory Authority of Ontario (FSRA) is releasing its final Resolution Planning Guidance. The Guidance helps ensure large credit unions with over $1 billion in assets have a

The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing a compliance order and administrative penalties in the total amount of $5,000 on Peter Maccabe and $10,000 on 2070375 Ontario Inc. o/a McGill Health Services. Peter Maccabe and McGill Health Services failed to

The Financial Services Regulatory Authority of Ontario (FSRA) is releasing final guidance to inform the public about the ways it can use and administer money collected from penalties, enforcement orders and settlements. Under Ontario regulation the regulator can use these funds for funding research

To protect consumers, FSRA has put in place a rigorous licence qualification process to help ensure that only suitable people may sell or offer financial products and services in Ontario. In order to improve the processing times of licence applications in the mortgage brokering and insurance sectors

The Financial Services Regulatory Authority of Ontario (FSRA) is releasing its 2022-2025 Annual Business Plan (ABP), which sets out its strategic direction, priorities and financial plan for the next three fiscal years. The priorities outlined in the Annual Business Plan focus on consumer protection

The Financial Services Regulatory Authority of Ontario (FSRA) revoked the mortgage agent licence of Millicent Prince. Millicent Prince was found to be not suitable to be licensed as a mortgage agent as per sections 10.1 and 10.3 of O. Reg. 409/07. FSRA issued this order as a result of a decision of

The Financial Services Regulatory Authority of Ontario (FSRA) is supporting the government’s direction to introduce a new licence class for mortgage agents in Ontario and to enhance education and experience requirements for the mortgage brokering sector. “The new requirements will better protect