FRSA wants your views on syndicated mortgages

by Steve Randall on 28 Oct 2019

The Financial Services Regulatory Authority of Ontario (FRSA) wants to know your views on its priorities and budget for the coming year.

The regulator has launched a consultation period, running until November 18, asking for stakeholder feedback on matters that build on its 2019-2022 business plan targets which include the development of a plan to reduce syndicated mortgage investment harm.

FRSA’s business plan also includes supporting the development of industry led codes of conduct in the credit union and mortgage brokering sectors.

It is also aiming to streamline administration of rate regulation in auto insurance and strengthening prudential supervision for the Canadian pension sector.

FSRA's overall cross-sector F20-21 priorities will continue to build our regulatory foundation, make regulation more effective and efficient and further our legislative objectives.  Our proposed priorities will continue to deliver a positive impact in reducing burden and improving regulatory effectiveness, improving the regulatory experience and improving safety, fairness and choice for consumers of financial services in Ontario.

FSRA assumed the regulatory duties of the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario from June 2019.

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