ID
2023-008

Type
Policy
Sector
Cross Sector
Status
Public comment closed
Date
Comment Due Date

Thank you for providing your feedback on FSRA’s proposed Guidance on Public Warning Notices.

The request for submissions is now closed.

We appreciate the comments and questions received. Stay up to date on Guidance releases on our newsroom. Follow us on LinkedIn and subscribe to our mailing list for quick updates.

The Financial Services Regulatory Authority of Ontario (FSRA) is taking steps to better protect consumers by ensuring they have the information they need when dealing with financial services providers.

As a result, FSRA is consulting on proposed guidance for public warning notices.

Public warning notices are intended to curb consumer harm, act as a deterrent to those who carry out unlicensed activities and instill greater confidence in the financial services sectors.

The proposed Guidance explains how and why FSRA issues public warning notices. By consulting publicly, FSRA wants to ensure transparency for consumers and industry.

The consultation period is now open and will close on August 25, 2023.

Learn more:

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.

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Sector Comment Date posted
[2023-008] Amanda Dean - Insurance Bureau of Canada
[2023-008] Margaret Campbell - CLHIA
Auto Insurance
[2023-008] Matt Caron - Ontario Trial Lawyers Association (OTLA)
Please find our submission attached.
[2023-008] Consumer Advisory Panel to The Financial Services Regulatory Authority 0f Ontario (FSRA)
The Consumer Advisory Panel had the opportunity to participate in this consultation. The Panels official submission provided in the attached document.
Life and Health Insurance
[2023-008] Judith M Hetherington - Shelter Bay Financial
I am finding an increasing number of clients being sold cheap insurance, without being given disclosure that the premiums are not level and will be increasing, sometimes yearly. I'd like to see a public warning that Life and Health Insurance Consumers check to be clear if the cost of premiums remain level and with no changes if they have a health change.
No questions have been asked about this consultation yet.