The legislative framework in the FSRA Act provides FSRA with specific rule-making authorities under the regulated sector statutes and the FSRA Act, including the authority to make rules governing fees and other charges. By delegating rule-making authority to FSRA, the Legislature empowers FSRA to use its expertise to create and implement principles-based rules, giving FSRA additional flexibility to respond to market and/or product changes.
The rule-making process includes a mandatory consultation period during which stakeholders are encouraged to comment and provide feedback on the proposed new rule or change. Proposed rules will be posted on this page. Subscribe to our mailing list to be notified of consultations and other FSRA news.
Rule 2019 – 001 Assessments And Fees
On May 24, 2019, the Minister of Finance approved, pursuant to subsection 23(1) of the Financial Services Regulatory Authority of Ontario Act, 2016 (the FSRA Act), the following rule by the Financial Services Regulatory Authority of Ontario (the Rule):
The Rule came into force on June 8, 2019. View prior notices and comments.
Substance and Purpose of Fee Rule
The substance and purpose of the Fee Rule is to ensure that FSRA is a self-funded agency that operates on a cost recovery basis, in accordance with the FSRA fee rule vision and principles, to enable FSRA to carry out its legislated mandate.
Rule 2019 – 002 Credit Union Deposit Insurance Advertising Rule
On April 8, 2020, the Minister of Finance approved, pursuant to section 23(1) of the Financial Services Regulatory Authority of Ontario Act, 2016.
- Financial Services Regulatory Authority of Ontario Rule 2019-002 Credit Union Deposit Insurance Advertising Rule (the Rule)
The Rule comes into force on April 23, 2020. In accordance with the Rule, credit unions and caisses populaires are expected to have the new advertising material (e.g., decals, brochures) posted and available on July 23, 2020, three months after the Rule comes into effect.
The new Advertising rule governs how credit unions advertise deposit insurance coverage. Credit unions are required to display decals and promotional material in branches and on their websites.
For all other information regarding the Rule, please see prior notices and comments.