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ARTICLE · 08 MARCH 2024

Reminder: Submit Comments On FSRA's Approach To Protecting Vulnerable Consumers By March 8

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We remind interested parties to submit comments to the Financial Services Regulatory Authority of Ontario's (FSRA) consultation about its proposed approach...

CanadaFinance and Banking
Alana Scotchmer
Alana Scotchmer
Raphael Tachie
Raphael Tachie
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We remind interested parties to submit comments to the Financial Services Regulatory Authority of Ontario's (FSRA) consultation about its proposed approach to strengthen the protection of vulnerable consumers in its regulated sectors (Proposed Approach). FSRA has requested comments on the Proposed Approach by March 8, 2024.

FSRA's Proposed Approach

The Proposed Approach would apply to all of the sectors that FSRA regulates in the Province of Ontario, which are: property and casualty insurance, life and health insurance, credit unions and caisses populaires, loan and trust companies, mortgage brokers, health services providers (related to auto insurance), pension plan administrators, and financial planners and advisors. The Proposed Approach would add to the separate consumer protection measures enforced by FSRA relating to its regulated sectors. FSRA is requesting comments both on the proposed obligations for regulated entities in the Proposed Approach, as well

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