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Financial Services Regulatory Authority of Ontario

(Redirected from Deposit Insurance Corporation of Ontario)

The Financial Services Regulatory Authority of Ontario (FSRA; French: Autorité ontarienne de réglementation des services financiers) is a self-funding Crown agency which acts as the financial regulator for the Canadian province of Ontario. Established in 2016, FSRA officially succeeded its predecessor agencies – the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario – on June 8, 2019.[1] The Financial Services Regulatory Authority of Ontario operates at arms-length from the Government of Ontario, and reports to the Legislative Assembly of Ontario through the Minister of Finance.

Financial Services Regulatory Authority of Ontario
Autorité ontarienne de réglementation des services financiers
Agency overview
Formed2016 (2016)
Preceding agencies
  • Financial Services Commission of Ontario
  • Deposit Insurance Corporation of Ontario
TypeCrown agency
JurisdictionGovernment of Ontario
Headquarters5160 Yonge Street, 16th Floor
Toronto, Ontario
43°41′10″N 79°23′36″W / 43.686220°N 79.393340°W / 43.686220; -79.393340
Minister responsible
Agency executives
  • Mark White, CEO
  • Bryan P. Davies, Chair
Key document
  • Financial Services Regulatory Authority of Ontario Act, 2016
Websitewww.fsrao.ca

Regulated sectors

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FSRA regulates the insurance, credit union, caisse populaire, mortgage brokerage, loan, trust, and pension administration sectors in Ontario.[2][3] Additionally it provides deposit insurance for members of provincially-incorporated credit unions and caisses populaires.[4]

See also

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References

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  1. ^ Osental, Duffie (10 June 2019). "Ontario launches new insurance regulator". Insurance Business. Key Media. Retrieved 6 February 2020.
  2. ^ "About FSRA". Financial Services Regulatory Authority of Ontario. Retrieved February 6, 2020.
  3. ^ Meckbach, Greg (11 June 2019). "FSRA takes over Ontario insurance oversight from FSCO". Canadian Underwriter. Newcom Media. Retrieved 6 February 2020.
  4. ^ "Deposit Insurance and Credit Unions". Financial Services Regulatory Authority of Ontario. Retrieved 6 February 2020.
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