Announcements

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

FSRA is releasing its approved auto policy forms to align with government’s amendments to the Insurance Act and related regulations. They now include electronic communication and pre-paid courier as valid notices of termination of auto insurance contracts. These changes come into effect on January 1

Pursuant to Section 102 of the Insurance Act (Ontario), all Ontario insurers are required to file annual returns for the year ended on October 31, 2021 or December 31, 2021, with the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario, or his or her designate. Section

2022 FSRA Exchange Event Register Today! Registration is now open for the Financial Services Regulatory Authority of Ontario (FSRA’s) inaugural 2022 FSRA Exchange event being held virtually on January 27, 2022. Special speakers include: The Honourable Peter Bethlenfalvy, Minister of Finance; FSRA’s

The Financial Services Regulatory Authority of Ontario (FSRA) is consulting on proposed Approach Guidance for its Risk Based Supervisory Framework. The Risk Based Supervisory Framework sets out FSRA’s supervisory practices and approach to assessing the risk profile of credit unions. FSRA’s level and

The Financial Services Regulatory Authority of Ontario (FSRA) is committed to improving transparency and accountability in its delivery of regulatory activities. FSRA is releasing its Service Standards Scorecard for Q2 2021-2022. The 22 service standards and reporting process measures FSRA's

FSRA is consulting on three proposed Guidances that aim to make Ontario’s auto insurance practices more transparent and effective, processes faster and more efficient, while further strengthening consumer protections. Together, these Guidances are a significant and important move towards the

The Financial Services Regulatory Authority of Ontario (FSRA) is committed to deterring deceptive and fraudulent practices in the mortgage brokering sector. These efforts will help maintain a strong and sustainable mortgage market where consumers and lenders are protected. FSRA is now consulting on

FSRA has released its Sector Outlook Report for the third quarter of 2021. The Sector Outlook Report provides insights on economic factors that impact the operations and financial performance of credit unions as well as industry trends. Learn more at: The Sector Outlook Report 3Q-2021

After a comprehensive recruitment process, the Financial Services Regulatory Authority of Ontario (FSRA) is pleased to announce that Mehrdad Rastan has been appointed the EVP of Credit Union and Insurance Prudential, effective January 4, 2022. Mehrdad is a passionate leader with over 25 years’