As Ontario’s financial services regulator, our mission is to serve the public through dynamic principles-based and outcomes-focused regulation. It also means that you have an active role to play.
How we regulate has changed
Taking the time to understand principles-based regulation is important for you and your business. It changes how we regulate and how we supervise individuals and our regulated entities. Principles-based regulation is an inclusive approach to regulation and supervision. It requires that you as a regulated entity or individual and FSRA have a shared understanding and commitment to achieve outcomes which are consistent with identified principles.
What does this mean to me?
It is important to understand how principles-based regulation will impact you. Principles-based regulation affects all FSRA regulated entities and individuals. Take the time to read and understand our Principles-based Regulation Guidance to best ensure that you remain in compliance.
Benefits of Principles-based Regulation at FSRA
- a robust, stable, innovative, and competitive financial services sector
- an efficient and effective regulatory environment for Ontario's financial services sector
- better protection for Ontario’s consumers, providing access to innovative products and services, and enabling informed financial decisions