Media Centre | Financial Services Regulatory Authority of Ontario

FSRA COVID-19 Updates

PENSIONS – 05/22/2020 – Updates to the Pension Sector Emergency Management Response Guidance – The Pension Sector Emergency Management Response Guidance previously issued on April 24, 2020 is now updated to reflect the Government of Ontario’s amendment to Regulation 909 and information on the impacts of COVID-19 market shocks as a plausible adverse scenario on funding valuation reports. Read more…

PENSIONS – 05/22/2020 – Limitations on Commuted Value Transfers and Annuity Purchases (DB Pension Plans) – We have issued new guidance on transferring commuted values and purchasing annuities when a pension plan’s transfer ratio has declined since the most recently filed valuation report by 10% and is now below 0.9. Read more…

MORTGAGE BROKERING SECTOR – 5/11/2020 – FSRA increases protections for consumers of mortgage-based investments – FSRA is launching new guidance to increase protections for consumers during periods of market volatility and disruption, such as the current COVID-19 pandemic. Read more…

PENSIONS – 4/28/2020 – Important Service Update for Pension Plans – In response to COVID-19, our Pension Officers are working remotely. Here is how you can reach them. Read more….

View all updates

2020

May 22, 2020: FSRA Announces New Measures to Support Pension Plans During Current Period of Disruption
May 15, 2020: FSRA Releases Loss Trend Benchmarks for Private Passenger Automobile Major Rate Filings Guidance and Public Consultation Summary Report
May 12, 2020: FSRA Increases Protections for Consumers of Mortgage-Based Investments
May 7, 2020: Credit Union Capital Treatment of Loans under the Federal Government Business Credit Availability Program
April 27, 2020: FSRA Extends Deadline for Insurance Agents to Renew Licences
April 24, 2020: FSRA Releases Pension Sector Emergency Management Response
April 23, 2020 - New Credit Union Deposit Insurance Advertising Rule Approved by Minister of Finance
April 16, 2020 - FSRA Releases Guidance to Support Insurers in Providing Emergency Relief to Auto Insurance Consumers
April 2, 2020 - FSRA Issues Update on Mortgage Administrator Invoicing
March 27, 2020 - FSRA Announces Changes to Regulatory Requirements Due to COVID-19
March 16, 2020 - FSRA Statement of Business Continuity
March 6, 2020 - Building a Foundation for Regulatory Effectiveness

For Media Inquiries:

Malon Edwards
Senior Communications Officer, Issues and Media
Financial Services Regulatory Authority of Ontario
T: 416.590.7536
Email: malon.edwards@fsrao.ca