Grant funding

FSRA encourages entities who have the following elements, and who also have an eligible initiative in accordance with the required purposes of the Regulation, to apply for a Grant:

• not-for-profit organization structure
• incorporated in Ontario or Canada for at least one year
• Entities who maintain appropriate insurance coverage. Note that “appropriate” insurance coverage is determined by FSRA in its discretion by considering, amongst other circumstances and factors, the nature of the event being funded by Proceeds of Enforcement.

Please review our Use of Enforcement Guidance for more details before submitting a proposal.

As an applicant, your proposal should include information that will help FSRA determine its eligibility for grant funding and assess its merit compared to other proposals (see “How eligible proposals will be assessed” tab). Examples of relevant information include:

1.  Project name
2. Project lead name and title
3. Dollar amount of grant requested
4. Project duration
5. Type of project
6. Problem statement and supporting evidence
7. Project focus, goals and description
8. Explanation of alignment with Ontario Regulation 554/21
9. Target audience
10. Impact on diverse, underrepresented or vulnerable populations
11. Any partnerships with co-applicants, related details and rationale
12. External content developers or presenters (organizations or individuals), if applicable
13. Other sources of funding, if applicable  
14. Marketing and distribution / reach and engagement
15. Impact / performance measurement
16. Accountability procedures to administer, manage and oversee any funding received
17. Proposed plan for reporting to FSRA on progress and results

Please review our Use of Enforcement Guidance for more details before submitting a proposal.

In assessing eligible initiatives’ merits, the evaluation committee will consider the following attributes, and any additional ones that FSRA may, in its discretion consider relevant:

Alignment

• Alignment with the required purposes set out in the Regulation.
• Alignment with FSRA’s statutory objects under section 3 of the Financial Services Regulatory Authority of Ontario Act, 2016.
• Scope of the proposal is limited to a specific FSRA-regulated sector or multiple FSRA-regulated sectors.   
• Alignment with FSRA’s strategic direction as outlined in its most recent Annual Business Plan.

Value

• Clear, specific and measurable target outcomes for the proposal.
• Explanation of how the proposal would provide good value for money, including a cost/benefit analysis or benchmarking against other examples where possible (FSRA expects cost/benefit analysis to be proportionate to the funding amount requested).

Delivery

• Clear, specific deliverables associated with the proposal.
• Credible plan for completing deliverables on time and within proposed budget.
• Relevant skills and expertise in the project team responsible for completing deliverables, including plans for building skills and expertise where any gaps exist.
• Identification of risks to successful completion of the deliverables and how the applicant will mitigate those risks.

Communication

• Credible plan for communicating with FSRA over the course of the proposed initiative, including ad hoc communication, identification of opportunities for collaboration or cross-promotion, progress reporting, and identification of issues or risks.
• Demonstrated capacity to produce a final report on the project, including a summary impact statement, financial information, and measurement of outcome and output (i.e., deliverables).

Please review our Use of Enforcement Guidance for more details before submitting a proposal.