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Financial Services Regulatory Authority of Ontario

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Coordinates: 43°41′10″N 79°23′36″W / 43.686220°N 79.393340°W / 43.686220; -79.393340
From Wikipedia, the free encyclopedia
Financial Services Regulatory Authority of Ontario
Autorité ontarienne de réglementation des services financiers
Agency overview
Formed2016 (2016)
Preceding agencies
  • Financial Services Commission of Ontario
  • Deposit Insurance Corporation of Ontario
TypeCrown agency
JurisdictionGovernment of Ontario
Headquarters5160 Yonge Street, 16th Floor
Toronto, Ontario
43°41′10″N 79°23′36″W / 43.686220°N 79.393340°W / 43.686220; -79.393340
Minister responsible
Agency executives
  • Mark White, CEO
  • Bryan P. Davies, Chair
Key document
  • Financial Services Regulatory Authority of Ontario Act, 2016
Websitewww.fsrao.ca

The Financial Services Regulatory Authority of Ontario (FSRA; French: Autorité ontarienne de réglementation des services financiers) is a self-funding Crown agency which acts as the financial regulator for the Canadian province of Ontario. Established in 2016, FSRA officially succeeded its predecessor agencies – the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario – on June 8, 2019.[1] The Financial Services Regulatory Authority of Ontario operates at arms-length from the Government of Ontario, and reports to the Legislative Assembly of Ontario through the Minister of Finance.

Regulated sectors

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FSRA regulates the insurance, credit union, caisse populaire, mortgage brokerage, loan, trust, and pension administration sectors in Ontario.[2][3] Additionally it provides deposit insurance for members of provincially-incorporated credit unions and caisses populaires.[4]

See also

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References

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  1. ^ Osental, Duffie (10 June 2019). "Ontario launches new insurance regulator". Insurance Business. Key Media. Retrieved 6 February 2020.
  2. ^ "About FSRA". Financial Services Regulatory Authority of Ontario. Retrieved February 6, 2020.
  3. ^ Meckbach, Greg (11 June 2019). "FSRA takes over Ontario insurance oversight from FSCO". Canadian Underwriter. Newcom Media. Retrieved 6 February 2020.
  4. ^ "Deposit Insurance and Credit Unions". Financial Services Regulatory Authority of Ontario. Retrieved 6 February 2020.
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