On Tuesday the Financial Services Regulatory Authority of Ontario (FSRA) released its final fee rule, which governs how the regulator assesses and collects fees from the sectors it regulates.
The rule includes the fee calculations for credentialing bodies under the province’s title protection framework for “financial advisor” and “financial planner.”
In a consultation earlier this year, FSRA had proposed an updated fee structure to ensure that the Canadian Investment Regulatory Organization’s participation as a credentialing body wouldn’t result in regulatory duplication. The final rule includes that proposal with no changes.
The approved rule will take effect on Dec. 1 of this year, the regulator said in a release.