The Financial Services Regulatory Authority of Ontario (FSRA) is taking steps to ensure mortgage administrators are better protecting funds and investments they handle for investors and lenders.
FSRA is now consulting on proposed guidance that explains what mortgage administrators need to do to comply with existing and expanded financial reporting requirements.
By complying with these reporting obligations, mortgage administrators will help prevent funds and investments from being misplaced, stolen or treated improperly.
The consultation period for proposed guidance on Mortgage Administrators’ Financial Filing Requirements is now open and will close on June 16, 2023.
FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone.
Learn more at www.fsrao.ca.
Before we begin, please make sure you do not include any personal or private financial information. If your inquiry does require this information be shared with us, please call us at 1-800-668-0128 or email us at [email protected] for instructions.
By submitting your content, you agree to have your materials posted on our engagement portal, used in reports and other materials prepared by Financial Services Regulatory Authority of Ontario (FSRA) that may be shared with the public. Content is moderated so that all posts are respectful and professional. The Freedom of Information and Protection of Privacy Act, R.S.O. 1990, c.F.31, applies to all online content.
Submit a comment
Ask a question