Announcements

FSRA is actively reaching out to consumers to help inform the organization’s direction and decisions and ensure the public interest is being protected. Today, the FSRA Consumer Office appointed six new members to its Consumer Advisory Panel (the “Panel”). These members will bring extensive

The credit union sector is rebounding from the economic impact of the COVID-19 pandemic. FSRA’s year-end credit union Sector Outlook Report finds that profitability in the fourth quarter of 2021 was stronger than the same time last year. Members can have confidence in the stability of Ontario’s

The Financial Services Regulatory Authority of Ontario (FSRA) is pleased the Government of Ontario announced the new Credit Unions and Caisses Populaires Act, 2020 (CUCPA 2020) came into force. With this announcement, the three new credit union Rules that FSRA developed – Sound Business and

We are pleased to send you the February 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

The Financial Services Regulatory Authority of Ontario (FSRA) is taking steps to enhance consumer and investor confidence by introducing a framework that requires Financial Planner (FP) and/or Financial Advisor (FA) title users to meet minimum education standards, ensure they are actively supervised

The Financial Services Regulatory Authority of Ontario (FSRA) protects life and health insurance consumers by ensuring agents are qualified to work in the sector. Strong regulatory supervision, supported by each insurer’s responsibility for its agents, is critical to ensuring that agents comply with

In this issue Welcome Better access to licensing services Consumer protection concerns identified in private mortgage examinations Improved disclosures needed for legacy NQSMIs New NQSMI quarterly report provides data for more effective monitoring of trends Consumer protection strengthened as

The Financial Services Regulatory Authority of Ontario (FSRA) is improving how it serves consumers and the sectors it regulates. During the third quarter of 2021 FSRA exceeded its services targets for 81 per cent of its service standards, improving 5 per cent over last quarter. FSRA’s service

The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing an administrative penalty in the amount of $52,000 on Muhammad Bajwa. Muhammad Bajwa engaged in unlicensed insurance activity, contrary to section 392.2(6) of the Insurance Act and section 2(1) of Ontario

The Financial Services Regulatory Authority of Ontario (FSRA) is consulting on proposed guidance to better protect the rights and interests of credit union depositors, members and consumers. The Credit Unions and Caisses Populaires Act, 2020 (CUCPA 2020) permits a broad scope of business and