The Financial Services Commission of Ontario says that with the ongoing government labour dispute in Ontario some of its services may be disrupted.

Negotiations between the Ontario government and the Ontario Public Service Employees’ Union over a new collective agreement have broken down and OPSEU has exercised its legal right to strike.

FSCO says that during the labour dispute it will manually prepare temporary renewal insurance licences with a 60 day expiry. “The temporary renewal licence will consist of the first page of an agent’s application which will be stamped and initialled as evidence of a valid licence until the expiry date indicated.:

Once the labour dispute is settled, FSCO will replace the temporary renewal licence with a computer generated renewal licence renewal for the normal two year period. If the labour dispute has not been settled prior to the expiry date specified in the temporary renewal licence, FSCO will issue a further temporary renewal licence.

It notes that it will likely also experience delays in the processing of applications for new licences.

The same procedure will be followed for mortgage broker registrations, too.

Also, the FSCO internet site will not be updated until the labour dispute has been settled.