The bill also includes provisions to dissolve the Ontario Retirement Pension Plan (ORPP) Administration Corp.
The creation of an FSRA in Ontario and the rapid pace of regulatory change occurring on the investment side of the business has big implications for the life insurance industry
The province formally introduced official plans for FSRA and reiterated its support for establishing the Co-operative Capital Markets Regulator
The new financial services regulatory authority will replace FSCO and DICO and “modernize and strengthen the regulator of financial services and pensions”
The provincial regulator’s recent examinations of life insurance agents revealed several gaps in compliance, especially as they relate to disclosure
The Ontario regulator has laid the hammer down on Tier 1 Transaction Advisory Services, Tier 1 Mortgage and First Commonwealth Mortgage for various infractions
The SRO is looking to expand its MOU with FSCO to include reciprocal discipline in areas such as outside business activities and borrowing from clients
The regulators will work together to strengthen consumer protection in Ontario