FSRA Notice and Request for Further Comment on Proposed Fee Rule 2019-001
FSRA Rule 2019-001 – Assessments and Fees is intended to ensure that FSRA is a self-funded agency that operates on a cost recovery basis and to enable FSRA to carry out its legislated mandate.
Based on extensive research, collaboration and engagement with stakeholders, the proposed fee rule is intended to enable FSRA to maintain continuity of FSCO and DICO operations during the transition, and to be a forward-looking, flexible, self-funded regulator capable of responding to the dynamic pace of change in marketplace, industry and public expectations.
As per the Financial Services Regulatory Authority of Ontario Act, 2016, an initial proposed fee rule 2019-001 was posted on October 5, 2018 for a 90-day public consultation. Based on input received, FSRA posted a revised rule on February 4, 2019 for further consultation.