Announcements

TORONTO, January 12, 2021 - The Financial Services Regulatory Authority of Ontario (FSRA) is protecting consumers and ensuring public trust in Ontario’s financial services. We are warning consumers that Islam Mohammad is not licensed to conduct mortgage business in Ontario. It has come to FSRA’s

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

It is time to file your annual returns. 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, 2020 or December 31, 2020, with the Superintendent of Financial Services, or his or her designate. Section 447 of

TORONTO, ON – December 22, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) is releasing guidance to provide standards for the fair treatment of customers (FTC) in the Ontario insurance sector. The new guidance will come into effect on January 1, 2021. The guidance will

TORONTO, December 18, 2020 - The Financial Services Regulatory Authority of Ontario (FSRA) is releasing updated liquidity guidance to further enhance prudent liquidity management in the credit union sector. The new guidance will come into effect on January 1, 2021. The updates to the guidance will

TORONTO, December 18, 2020 - The Financial Services Regulatory Authority of Ontario (FSRA) today launched a public consultation seeking feedback from insurance consumers, industry and other interested stakeholders for its first proposed insurance rule. The proposed UDAP rule is aimed at making the

Employers of certain individual pension plans (IPPs) or designated plans (DPs) can now elect to exempt their plans from the application of the PBA, its regulations and FSRA’s rules. Employers who wish to exempt their IPPs or DPs from the PBA must complete and submit a PBA Exemption Election Form and

TORONTO, December 14, 2020 - The Financial Services Regulatory Authority of Ontario (FSRA) is issuing final Interpretation and Approach Guidance for certain co-operative corporations that propose to issue securities. The Guidance sets out enhanced disclosure requirements, and FSRA’s review and

TORONTO, December 14 2020 – The Government of Ontario has recently amended the Pension Benefits Act (PBA) when it passed the Better for People, Smarter for Business Act. A key change is that employers of certain individual pension plans (IPPs) or designated plans (DPs) can elect to exempt their

December 14, 2020, Toronto – David is a senior corporate executive with over 20 years experience leading large and mid-sized multinationals and Fortune 100 companies in the building and optimization of their financial, capital and risk management strategies and capabilities. He has held senior-level