The legislation establishing the Financial Services Regulatory Authority of Ontario (FSRA) has been proclaimed into force. This step demonstrates progress in the government’s commitment to modernize how financial services and pensions are regulated in order to improve consumer, investor and pension plan beneficiary protection.
To coincide with the proclamation, the government has appointed FSRA’s board of directors: Bryan Davies (Chair), Kathryn Bouey and Judith Robertson. These new board members will supervise the management of FSRA, including the development of a detailed transition plan for the organization.
More information on the establishment of FSRA, including board member bios, can be found here.
As their work progresses, the Ministry of Finance and the FSRA board will continue to consult with stakeholders, including the existing agencies (i.e. the Financial Services Commission of Ontario (FSCO), the Financial Services Tribunal (FST) and the Deposit Insurance Corporation of Ontario (DICO)).
Questions regarding FSRA can be submitted via email to inquiries@fsrao.ca.