The Financial Services Regulatory Authority of Ontario (FSRA) is providing advance notice that assessment fee invoices for the loan and trust sector will be issued by mail on April 20, 2021.
The invoice includes two components:
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The FSRA assessment: the regulated organization’s share of FSRA budgeted costs for the period of April 1, 2021 to March 31, 2022.
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The assessment for other services: the regulated organization’s share of expenses incurred by the Ministry of Finance in respect of the regulated sectors.
In response to the challenges that sectors face related to the COVID-19 pandemic, the fiscal 2021-2022 assessment billings have been reduced by 3% from the original budget.
Payment is due to FSRA within 30 days of the date of the invoice.
More information will be provided with the invoice.
Learn more: