FSRA has a mandate to transform regulation. We have had extensive engagement with our regulated sectors on our priorities, our budget and methodology through the development of our initial fee rule.
FSRA will now be issuing our first assessment under that rule.
The assessment reflects the budget approved and the mandate for change. The assessment also includes amounts pertaining to the Financial Services Commission of Ontario (FSCO), the former regulator.
Assessment Calculations by Sector
To learn more about the the priorites we are delivering on in your sectors as well as methodology used for the calculation of assessments within your sector, please visit: Financial Services Regulatory Authority of Ontario Rule 2019-001 Assessments and Fees and refer to the following subsections:
Credit Union Sector Subsection 3.1
Insurance Sector: Subsection 4.1
Loan & Trust Sector: Subsection 5.1
Pension Sector: Subsection 7.1
The 2019 invoice will be issued on November 29, 2019 and covers FSRA's assessment period from June 8, 2019 to March 31, 2020. You will also see an additional line item which will include the operational costs from FSCO’s assessment period which runs from April 1, 2018 to June 7, 2019.
The 2020 invoice will issued early 2020 for the regular fiscal year, April 1, 2020 to March 31, 2021.
Frequently Asked Questions
For any additional questions, please contact the Relationship Manager for your credit union.
Insurance, Loan & Trust, Pensions
For any additional questions:
If you have general questions, please contact the FSRA Contact Centre:
Tel.: 416-250-7250 or 1-800-668-0128