Announcements

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

FSRA has issued two new final Guidance documents: Missing Members - Principles and Practices to help ensure plan members receive their benefits they when they fall due; and Waiver of Biennial Statements for Missing Former and Retired Members which outlines FSRA’s process to apply to waive the

The Canadian Council of Insurance Regulators (CCIR) has published its first Annual Statement on Market Conduct public report about insurer policies and practices as they relate to the Fair Treatment of Customers. Insurers can use the report to compare their overall policies, procedures and

We are pleased to send you the November 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

FSRA has released its Sector Outlook report for the third quarter of 2020. 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: Sector Outlook Report 3Q-2020

The Financial Services Regulatory Authority of Ontario (FSRA) wants to enhance conduct standards for mortgage brokering in Ontario. FSRA is releasing a proposed Approach Guidance to help Ontario mortgage professionals comply with a proposed National Code of Conduct (Code). The Mortgage Broker

The Financial Services Regulatory Authority of Ontario (FSRA) is establishing a Mortgage Brokering Technical Advisory Committee to promote safety and innovation in the mortgage brokering sector. Many thanks to all who expressed interest in collaborating with FSRA on this exciting work. Today, we are

The Financial Services Regulatory Authority of Ontario (FSRA) is enabling the introduction of more flexible and innovative Usage Based Insurance (UBI) programs that benefit consumers and encourage competition, such as pay-as-you-go or pay-per-mile (km) options. “Many Ontario drivers have

November 20, 2020, Toronto - As a result of the resignation of several directors, the Financial Services Regulatory Authority of Ontario (FSRA) has, under the terms of the administration order governing PACE Credit Union (PACE), resumed oversight of the day-to-day operations of PACE. PACE was placed