FSRA is continuing its work to implement a title protection framework for financial planners and advisors in Ontario. FSRA is committed to transparency and engaging with stakeholders to ensure efficient and effective regulation.
The fees would enable FSRA to recover the initial costs to design and implement the framework, as well as the ongoing regulatory costs to oversee the sector. These include costs related to supervising and monitoring credentialing bodies, handling complaints, and other activities to support the framework. The proposed fee structure for the financial professionals sector is intended to be fair, consistent and simple, so that each credentialing body pays its fair share of the costs.
To review the proposed changes and submit your feedback, please visit the consultation page. The consultation period is now open and will close on October 20, 2021.