Jun 27, 2024 | Investment Funds, Regulatory Compliance
On May 27, 2024, the Financial Services Regulatory Authority of Ontario (FSRA) launched a public consultation on its new proposed rules that will affect all insurers that offer customers individual variable insurance contracts (also known as individual segregated...
May 30, 2024 | Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
The Consumer Advisory Panel (Panel) to the Financial Services Regulatory Authority of Ontario (FSRA) provides advice from a consumer perspective on policy and regulatory matters and initiatives, among other duties. Earlier this month, the Panel released its report for...
Apr 24, 2024 | Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
The Financial Services Regulatory Authority of Ontario (FSRA) recently released its 2024-27 Annual Business Plan (Plan) setting out its core strategy for the next three fiscal years. The Plan incorporates FSRA’s priorities and objectives, risk identification,...
Apr 24, 2024 | Regulatory Compliance
Earlier this month, the Financial Services Regulatory Authority of Ontario (FSRA) sent out a notice reminding industry members that the transition period for using the Financial Advisor title (or similar titles) in Ontario has ended. A person is required to have an...
Jan 31, 2024 | Investment Funds, Regulatory Compliance
On January 8, 2024, the Financial Services Regulatory Authority of Ontario (FSRA) launched a public consultation (the Consultation) on a multi-year approach (the Proposed Approach) designed to create more positive outcomes and enhanced protections for vulnerable...
Jan 31, 2024 | Canadian Investment Regulatory Organization (CIRO), Investment Funds, Regulatory Compliance
The Canadian Investment Regulatory Organization (CIRO) was recently approved by the Financial Services Regulatory Authority of Ontario (FSRA) as a credentialing body for purposes of the Financial Professionals Title Protection Act, 2019. The designation means that...
Nov 30, 2023 | Investment Funds, Mortgage and Real Estate Investment Vehicles, Regulatory Compliance
On October 10, 2023, the Financial Services Regulatory Authority of Ontario (FSRA) launched a public consultation on its proposed 2024-2025 Statement of Priorities (SoP) and budget. The objective of the consultation is to obtain feedback from stakeholders, including...
Nov 30, 2023 | Economic Sanctions, Regulatory Compliance
The Ministry of Finance in Ontario (Ministry) released a consultation last month that would impact the time the public is afforded to comment on proposed rules released by either the Ontario Securities Commission (OSC) or the Financial Services Regulatory Authority of...
Sep 28, 2023 | Investment Funds, Regulatory Compliance
The Financial Services Regulatory Authority of Ontario (FSRA) has released its final fee rule in Rule 2022-001 Assessments and Fees. This new rule allows FSRA to assess and collect fees, and is intended to ensure the fees reflect the regulatory efforts required to...
Aug 31, 2023 | Regulatory Compliance
In 2019, the Ontario government introduced the Financial Professionals Title Protection Act (FPTPA) which established minimum standards for the use of Financial Planner (FP) and Financial Advisor (FA) titles in the province. The legislation came into force in March of...
Aug 31, 2023 | Investment Funds, Regulatory Compliance
The Financial Services Regulatory Authority of Ontario (FSRA) opened a short consultation late last month on proposed guidance respecting Public Warning Notices relating to unlicensed activity and other improper activity relating to FSRA regulated products and...
Jun 30, 2023 | Investment Funds, Regulatory Compliance
The Financial Services Regulatory Authority of Ontario (FSRA) released for consultation a second set of amendments relating to Rule 2020 – 002 Unfair or Deceptive Acts or Practices Rule (UDAP Rule). The proposed amendments to the UDAP Rule relate to deferred sales...
