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.
Autorité ontarienne de réglementation des services financiers | |
Agency overview | |
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Formed | 2016 |
Preceding agencies |
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Type | Crown agency |
Jurisdiction | Government of Ontario |
Headquarters | 5160 Yonge Street, 16th Floor Toronto, Ontario 43°41′10″N 79°23′36″W / 43.686220°N 79.393340°W |
Minister responsible | |
Agency executives |
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Key document |
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Website | www |
Regulated sectors
editFSRA 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
editReferences
edit- ^ Osental, Duffie (10 June 2019). "Ontario launches new insurance regulator". Insurance Business. Key Media. Retrieved 6 February 2020.
- ^ "About FSRA". Financial Services Regulatory Authority of Ontario. Retrieved February 6, 2020.
- ^ Meckbach, Greg (11 June 2019). "FSRA takes over Ontario insurance oversight from FSCO". Canadian Underwriter. Newcom Media. Retrieved 6 February 2020.
- ^ "Deposit Insurance and Credit Unions". Financial Services Regulatory Authority of Ontario. Retrieved 6 February 2020.