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 new financial services regulatory authority will replace FSCO and DICO and “modernize and strengthen the regulator of financial services and pensions”
An expert committee has recommended an overhaul of Ontario's regulatory structure
The expert panel reviewing the mandates of FSCO and DICO recommends the two organizations be replaced by a new Financial Services Regulatory Authority