Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) has identified two key areas of assessment in the Life and Health (L&H) Insurance sector for 2020-2021: the adoption of principles by insurance companies that guide the fair treatment of consumers how managing general agencies contracted

FSRA is seeking input on new Guidance that sets out how we will exercise our discretion and may provide consent for the purposes of an asset transfer transaction under the Pension Benefits Act (PBA). Read more...

FSRA has released its Q2 2020 Estimated Solvency Report for Ontario's Defined Benefit Pension Plans. The report helps FSRA promote good administration of pension plans, and is a supervisory tool FSRA uses to improve outcomes for pension plan beneficiaries. Learn more at: Quarterly Update on

TORONTO, September 10, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) has entered into a settlement with Fortress Real Developments Inc. (FRDI) under which FRDI will pay $250,000 in administrative penalties. Between 2009 and 2018, FRDI and its predecessor (Fortress Real Capital

TORONTO, September 9, 2020 – The Financial Services Regulatory Authority (FSRA) is launching a consultation on its Draft Residential Mortgage Lending - Interpretation and Approach Guidance. FSRA is developing principles-based guidance on residential mortgage lending to update existing standards and

The Financial Services Regulatory Authority of Ontario (FSRA) is warning consumers that Ahad (Mike) Mahmoudian is not licensed to conduct mortgage business in Ontario. Ahad (Mike) Mahmoudian appears to be operating from 7330 Yonge St., Thornhill, ON, L4J 7Y7, and using the phone number (647) 778

FSRA Launches Public Consultation on Financial Professionals Title Protection Rule and Guidance TORONTO, ON – August 13, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) is proposing minimum standards for the use of the “financial planner” and “financial advisor” titles, so that

The Financial Services Regulatory Authority of Ontario (FSRA) is consulting on proposed guidance that outlines its approach for supervising mortgage brokerages and administrators that are engaged in syndicated mortgage investments (SMIs). FSRA currently regulates all SMIs in Ontario. FSRA is

The Financial Services Regulatory Authority of Ontario (FSRA) has identified four areas in the mortgage brokering sector where consumers are most susceptible to financial harm: inappropriate alternative lending practices consumers making uninformed investment decisions agents, brokers and

TORONTO, July 22, 2020 – The Financial Services Regulatory Authority of Ontario (FSRA) is warning consumers that Sukhdippal Singh Matharu and Popular Mortgages are not licensed to conduct mortgage business in Ontario. On Tuesday, July 14, 2020, the Peel Regional Police Fraud Bureau arrested and