Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) is continuing to work with the government of Ontario to strengthen consumer protection in the financial services sector. At present, there are no provincial standards or requirements for individuals who use the titles Financial Advisor

A recent poll finds more than one third of respondents spent more time researching their vacation than their mortgage The Financial Services Regulatory Authority of Ontario (FSRA) is encouraging those entering the real estate market or renewing a mortgage to do their homework, as this is quite

The Financial Services Regulatory Authority of Ontario (FSRA) is pleased to announce the members of the Technical Advisory Committee on the Deposit Insurance Reserve Fund (DIRF). The adequacy of the DIRF is essential to the safety and soundness of the credit union sector. The Committee will provide

The Financial Services Regulatory Authority of Ontario (FSRA) is making it easier for the public to access helpful information about enforcement actions taken by the regulator. FSRA is now communicating enforcement actions in the insurance, mortgage brokering and pensions sectors more broadly. It

FSRA is consulting on proposed Resolution Planning Guidance. The Guidance applies to large credit unions with assets greater than $1 billion. The proposed Guidance sets out the principles of effective resolution planning. Key aspects covered are: a credit union’s resolution strategy, feasibility of

Happy New Year from FSRA! We are pleased to send you the December 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

The Financial Services Regulatory Authority of Ontario (FSRA) understands the important role that complaints resolution serves in protecting the public interest. FSRA’s vision is for consumers, members, and pension plan beneficiaries to have their complaints resolved in an accessible, fair, timely

The Financial Services Regulatory Authority of Ontario (FSRA) is continuing its work to strengthen protection for consumers of insurance in Ontario. If approved, the Unfair or Deceptive Acts or Practices (UDAP) rule will strengthen the supervision of insurance industry conduct by clearly defining

The Financial Services Regulatory Authority of Ontario (FSRA) is warning consumers to be aware of individuals selling automobile insurance who are not licensed with FSRA to conduct insurance business in Ontario. It has come to FSRA’s attention that there may be individuals soliciting automobile

FSRA has released the 2022 indexation amounts related to auto insurance injury claims. The 2022 indexation rate is 4.4% and has been calculated using data from the Consumer Price Index for Canada (All Items), as published by Statistics Canada. The Consumer Price Index is an indicator of changes in