Announcements
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FSRA seeking Technical Advisory Committee members for two-year term starting in July 2026
Announcements
Credit Unions and Caisses Populaires
For Industry
The Financial Services Regulatory Authority of Ontario (FSRA) is re-establishing the Technical Advisory Committee (TAC) for Credit Union Data Strategy and Digital Transformation. This committee will play an important role in enhancing FSRA’s credit union regulatory efficiency and effectiveness
Beware of getting a mortgage product from Sam Kamra and other unlicensed persons and entities
Warnings
Mortgage Brokering
All
The Financial Services Regulatory Authority of Ontario (FSRA) is warning consumers not to do business with Sam Kamra (“Kamra”), as he is not licensed to conduct mortgage brokering business in Ontario. There are potential risks if you obtain mortgages arranged by or through this unlicensed individual
Specialty Life Inc. agrees to licensing conditions and administrative penalties
Enforcement Actions
Life and Health Insurance
All
The Financial Services Regulatory Authority of Ontario (“FSRA”), Specialty Life Inc. (“SLI”) and Insurance Supermarket Inc. (“ISI”) have agreed to conditions on their licences under the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”). SLI has agreed to pay administrative penalties of $800
Mortgage Brokering – News you need, volume 10
Newsletters
Mortgage Brokering
All
On this page Welcome Dealing in promissory notes could land you in hot water with the OSC and FSRA Holding an agent or broker licence does not make you an exempt private lender Tribunal decision highlights risks of not meeting regulatory obligations The risks of outside activities: how to make sure
FSRA imposes administrative penalties against Lin Liang
Enforcement Actions
Mortgage Brokering
All
The Financial Services Regulatory Authority of Ontario, FSRA, has imposed administrative penalties in the total amount of $275,000 against Lin Liang (Liang). Liang contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, as amended (the Act) and its regulations as
Retirement announcement – Andrew K. Fung
Announcements
Cross Sector
All
The Financial Services Regulatory Authority of Ontario (FSRA) announces the upcoming retirement of Andrew K. Fung, Executive Vice President, Pensions, effective October 1, 2026, recognizing his distinguished career and lasting contributions to Ontario’s pension sector. Over a 40-year career in the
FSRA Highlights, June 2026
Newsletters
Cross Sector
All
We are pleased to send you the June summary of key activities from the Financial Services Regulatory Authority of Ontario (FSRA). The newsletter is designed to help you quickly review key initiatives during the past month. Our goal is to provide you with relevant communications and information to
Protecting Insurance consumers and promoting a sustainable Insurance sector
Guidance
Property and Casualty and General Insurance
All
The Financial Services Regulatory Authority of Ontario (FSRA) is taking steps to further protect policyholders, members, and subscribers and promote a sustainable sector for Ontario-incorporated Insurance Companies and Reciprocal Insurance Exchanges (Insurers) with the release of two pieces of
Enabling Ontario Insurers to maintain stability and long-term viability
Guidance
Property and Casualty and General Insurance
All
To help Ontario-incorporated Insurance Companies and Reciprocal Insurance Exchanges (Insurers) manage their risks more effectively and maintain adequate capital, the Financial Services Regulatory Authority of Ontario (FSRA) is releasing the Own Risk and Solvency Assessment (ORSA) Guidance. The
FSRA takes enforcement action against 24/7 Auto Collision Inc., 2551662 Ontario Inc. and Altaf Hussain
Enforcement Actions
Auto Insurance
All
The Financial Services Regulatory Authority of Ontario, FSRA, has imposed administrative penalties in the total amount of $15,000 against 24/7 Auto Collision Inc., $2,500 against 2551662 Ontario Inc. and $20,000 against Altaf Hussain (Hussain). FSRA has also imposed compliance orders against 24/7