FSRA Highlights / Points Saillants de l’ARSF

July 2023 monthly newsletter (Le français suit)

We are pleased to send you the June summary of key activities from the Financial Services Regulatory Authority of Ontario (FSRA). The newsletter is designed to help you quickly review key initiatives during the past month. Our goal is to provide you with relevant communications and information to keep you informed of the work FSRA is doing as we serve Ontarians.

Thank you, and as always, your feedback is important to us. Send us your feedback.

A final chance to give FSRA your valuable feedback

We are giving our valued stakeholders a few more days to complete our online survey and let us know how we can be a better regulator.

Have your say about the updated proposed UDAP amendment

The Financial Services Regulatory Authority of Ontario (FSRA) is taking additional steps to gather public input and better protect consumers

FSRA revokes licence of Yogender Jain and imposes administrative penalties against Yogender Jain and Gold Standard Group Inc.

The Financial Services Regulatory Authority of Ontario (FSRA) has revoked a life insurance and accident and sickness agent licence of Yogender Jain (Jain), and imposed administrative penalties in the total amount of $100,000 against Jain and administrative penalties in the total amount of $100,000 against Gold Standard Group Inc. (Gold Standard).

Peggy McCallum appointed to FSRA Board of Directors

Financial Services Regulatory Authority of Ontario Chair Joanne De Laurentiis is pleased to announce the appointment of Peggy McCallum to the FSRA Board of Directors for a two-year term, effective May 18, 2023.

FSRA Maintains High Service Standards for the Benefit of Ontario Consumers

The Q4 Service Standards Scorecard has FSRA meeting or exceeding performance targets 97% of the time

Economic volatility and uncertainty impact Ontario’s Credit Union sector

Credit Union Total Assets Grow while Profitability Decreased and Delinquencies Increased over the Past Year

FSRA revokes licence, refuses to renew licence and imposes administrative penalties against Susan Keshen

The Financial Services Regulatory Authority of Ontario (FSRA) revoked the insurance agent licence of Susan Keshen (Keshen), refused her application to renew her licence, and imposed administrative penalties in the total amount of $18,000 against her.

FSRA imposes administrative penalties against Sudeep Sharma

The Financial Services Regulatory Authority of Ontario (FSRA) imposed administrative penalties in the total amount of $20,000 against Sudeep Sharma (Sharma).

FSRA issues notice of proposal and interim suspension order against My Mortgage Auction Corp. and Gregory Joseph Martel

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against My Mortgage Auction Corp. (MMAC) and Gregory Joseph Martel (Martel).

FSRA issues notice of proposal against Tejpal Mann and Daniel Emmerson Tiffin and imposes an administrative penalty on Daniel Emmerson Tiffin

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Tejpal Mann (Mann) and Daniel Emmerson Tiffin (Tiffin).

FSRA identifies P&C insurance as priority supervision area to ensure Ontario consumers are treated fairly

The Financial Services Regulatory Authority of Ontario (FSRA) is the regulatory body for Ontario's property and casualty (P&C) and general insurance sector. Ensuring the fair treatment of consumers in the P&C insurance sector is a key FSRA priority.

FSRA settles enforcement action with Andrew Shaul Psychology Professional Corporation

The Financial Services Regulatory Authority of Ontario (FSRA) settled an enforcement action with Andrew Shaul Psychology Professional Corporation (ASPPC) relating to the service provider licence.

FSRA issues notice of proposal against Patricia Porretta

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Patricia Porretta (Porretta).

FSRA settles enforcement action with Andrew Shaul Psychology Professional Corporation

The Financial Services Regulatory Authority of Ontario (FSRA) settled an enforcement action with Andrew Shaul Psychology Professional Corporation (ASPPC) relating to the service provider licence.

What you need to know about Ontario’s Financial Professionals Title Protection Framework

The Financial Services Regulatory Authority of Ontario (FSRA) is sharing the latest updates on the implementation of the Financial Professionals Title Protection Framework.

A multi-lingual translation feature has been added to FSRA's website.

To provide a more accessible and inclusive experience for users, FSRA’s website can now be automatically translated into a variety of languages by selecting the Google Translate feature in the menu at the top of each page. This new tool allows users to navigate the site as well as read, understand and apply web page content in their own language. Available languages currently include German, Spanish, Hindi, Italian, and Chinese.

FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone. Learn more at www.fsrao.ca.

Please note: If you are a regulated licensee/registrant, regardless of whether or not you subscribe to e-communications, you will automatically receive important information from FSRA via the e-mail address you have provided. More importantly, as a regulated licensee/registrant, you will not be able to unsubscribe from these important email communications.

Subscribe to our mailing list.

Bulletin mensuel de juillet 2023

Nous avons le plaisir de vous faire parvenir le résumé des activités clés de l’Autorité ontarienne de réglementation des services financiers (l’ARSF) pour juin. Ce bulletin vous aidera à passer rapidement en revue les principales initiatives du mois écoulé. Notre objectif est de vous envoyer des communications et des renseignements pertinents afin de vous tenir informés du travail accompli par l’ARSF pour servir les Ontariens.

Merci et, comme toujours, vos commentaires sont importants pour nous. Envoyez-nous vos commentaires.

Votre dernière chance de faire part à l’ARSF vos précieux commentaires

Nous donnons à nos précieux intervenants quelques jours de plus pour répondre à notre sondage en ligne et nous indiquer comment nous améliorer en tant qu’autorité de réglementation.