Webinars to explain new compliance rules to Ontario mortgage brokers
Wednesday, August 27, 2008
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The Financial Services Commission of Ontario announced a series of webinars for principal brokers, designed to prepare them for new business rules and regulations coming into effect on Jan. 1, 2009.
Principal brokers serve as mortgage brokerages' chief compliance officer, FSCO notes. To help understand how to comply with the new rules and regulations, FSCO is hosting a series of free webinars, covering: disclosure of potential conflicts of interest; disclosure of suitability and risks to borrowers, lenders and investors; and, requirements for supervising mortgage brokers and agents.
Disclosure of potential conflicts of interest is scheduled for October 16. The seminar on disclosure of suitability and risks is slated for October 23. And, the event on supervision takes place on October 29.
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