Announcements

TORONTO, ON – October 13, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) is publishing its proposed 2021-22 Statement of Priorities and Budget for public consultation. The draft priorities outline cross-sector and sector-specific initiatives focused on improving regulatory

TORONTO, October 9, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) and Verico Pro Funds Mortgages Inc. (Pro Funds), Pro Fund’s Principal Broker, and Valour Mortgage Services Inc. (VMSI) have agreed to certain conditions imposed on their licenses. FSRA has determined that

Since FSRA launched in June 2019, a key focus has been to assess risks and to build frameworks and resources so we can deter deceptive and fraudulent financial services practices and protect consumers. This update highlights how this focus has manifested itself in the area of syndicated mortgage

The Financial Services Regulatory Authority of Ontario (FSRA) is developing Interpretation and Approach guidance that identifies higher risk offerings and sets out enhanced disclosures by co-operative corporations (co-ops) that are raising capital. We are now consulting on the proposed guidance. The

Ontario’s auto insurers reported consumers have been eligible to receive almost $1 Billion in relief in response to COVID-19. This represents an increase of over $300M or 45% since insurers last reported in May 2020. Information reported by the 13 largest insurers is also being shared publicly to

The Financial Services Tribunal has announced that it is holding a 30-day public consultation on two new draft practice directions relating to in-person hearings before the Tribunal during the COVID-19 crisis and electronic hearings before the Tribunal more generally via Microsoft Teams video

The Financial Services Regulatory Authority of Ontario (FSRA) is seeking expert advice to enhance conduct in the Life & Health Insurance sector. FSRA is forming two new technical advisory committees (Advisory Committee). We are now seeking members to join. In response to ongoing trends observed in

The Financial Services Regulatory Authority of Ontario (FSRA) is seeking expert advice to promote safety and innovation in the mortgage brokering sector. FSRA is forming a new Mortgage Brokering Technical Advisory Committee (Advisory Committee). We are now seeking members to join. The Advisory

TORONTO, ON – September 24, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) is proposing 22 new service standards to set clear service expectations and targets. By creating effective service standards, FSRA will be able to use the quarterly results to improve its public service

Loss Trend Benchmarks for Private Passenger Automobile Major Rate Filings based on Industry Data as of December 31st, 2019 The Financial Services Regulatory Authority of Ontario (FSRA) has released its updated auto industry Benchmarks. FSRA’s new Benchmarks, based on data as of December 31, 2019