Announcements
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Brent Zorgdrager re-appointed to FSRA Board
Announcements
Cross Sector
All
Financial Services Regulatory Authority of Ontario (FSRA) Chair, Joanne DeLaurentiis, is pleased to announce the re-appointment of Brent Zorgdrager to the FSRA Board. Brent Zorgdrager was re-appointed as a Board member for a three-year term, effective July 26, 2021. “Brent’s financial expertise as
FSRA identifies key consumer protection areas in the mortgage brokering sector
Announcements
Mortgage Brokering
All
The Financial Services Regulatory Authority of Ontario (FSRA) has identified two critical areas where mortgage professionals must demonstrate high conduct standards to protect consumers from financial harm: Mortgage brokerages working with homebuyers who seek financing from private lenders must
FSRA consults on proposed fees to protect financial planner and advisor titles in Ontario
Rules
Financial Planners and Financial Advisors
All
The Financial Services Regulatory Authority of Ontario (FSRA) is continuing its work to protect the titles of financial planners and advisors in Ontario. FSRA is committed to transparency and engaging with stakeholders to ensure efficient and effective regulation. FSRA is now consulting on proposed
FSRA launches industry newsletter for the mortgage brokering sector to facilitate compliance and increase consumer protection
Newsletters
Mortgage Brokering
All
Welcome to the first issue of FSRA’s Mortgage Brokering newsletter. We are launching this newsletter to help you stay informed about FSRA’s views, activities and expectations of the mortgage brokering and administration sector. We aim to bring information about best practices and emerging trends
FSRA releases its revised Proposed Unfair or Deceptive Acts or Practices Rule for public consultation
Rules
Auto Insurance
All
The Financial Services Regulatory Authority of Ontario (FSRA) is continuing its work to strengthen consumer protection in the insurance sectors we regulate. Following its first public consultation, FSRA is now releasing a second consultation with revisions to its Proposed Unfair or Deceptive Acts or
Claims Help Center is not licensed to conduct public claims adjusting services in Ontario
Warnings
Property and Casualty and General Insurance
All
The Financial Services Regulatory Authority of Ontario (FSRA) is warning consumers that Claims Help Center is not licensed to conduct public claims adjusting services in Ontario. It has come to FSRA’s attention that Claims Help Center appears to be conducting public claims adjusting services through
FSRA releases Credit Union Recovery Planning Guidance
Guidance
Credit Unions and Caisses Populaires
All
The Financial Services Regulatory Authority of Ontario (FSRA) continues to make the protection of members’ deposits and the stability of the credit union sector a priority. After consulting with the sector, FSRA is releasing final Recovery Planning Guidance to help credit unions increase their
FSRA Highlights, July 2021
Newsletters
Cross Sector
All
We are pleased to send you the June 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 to
FBC GROUP is not licensed to conduct mortgage business in Ontario
Warnings
Mortgage Brokering
For Consumers
The Financial Services Regulatory Authority of Ontario (FSRA) is warning consumers that FBC GROUP operating out of Unit 223, 1325 Eglinton Ave E, Mississauga, Ontario, L4W4L9 is not licensed to conduct mortgage business in Ontario. Consumers reported that after paying a fee for financing, FBC Group
FSRA Consultation on Credit Union Market Conduct Framework Approach and Interpretation Guidance
Consultations
Credit Unions and Caisses Populaires
All
The Financial Services Regulatory Authority of Ontario (FSRA) continues to promote high standards of business conduct and protect credit union members’ interests. FSRA is holding a 45-day consultation on its Proposed Market Conduct Framework Approach and Interpretation Guidance. The proposed