Financial Services Regulatory Authority Of Ontario
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The Financial Services Regulatory Authority of Ontario (FSRA; ) is a self-funding Crown agency which acts as the
financial regulator Financial regulation is a broad set of policies that apply to the financial sector in most jurisdictions, justified by two main features of finance: systemic risk, which implies that the failure of financial firms involves public interest consi ...
for the Canadian province of
Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...
. 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. The Financial Services Regulatory Authority of Ontario operates at arms-length from the
Government of Ontario The Government of Ontario () is the body responsible for the administration of the Provinces and territories of Canada, Canadian province of Ontario. The term ''Government of Ontario'' refers specifically to the executive—political Minister ...
, and reports to the
Legislative Assembly of Ontario The Legislative Assembly of Ontario (OLA; ) is the legislative chamber of the Canadian province of Ontario. Its elected members are known as Members of Provincial Parliament (MPPs). Bills passed by the Legislative Assembly are given royal as ...
through the
Minister of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio ...
.


Regulated sectors

FSRA regulates the insurance, credit union, ''caisse populaire'', mortgage brokerage, loan, trust, and pension administration sectors in Ontario. Additionally it provides
deposit insurance Deposit insurance, deposit protection or deposit guarantee is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance or deposit ...
for members of provincially-incorporated credit unions and ''caisses populaires''.


See also

*
Ontario Securities Commission The Ontario Securities Commission (OSC; French language, French: ''Commission des valeurs mobilières de l’Ontario'') is a regulation, regulatory agency which administers and enforces security (finance), securities legislation in the Canadian p ...
* Pension regulation in Canada *
List of financial regulatory authorities by jurisdiction In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set ...


References


External links

* Financial regulatory authorities of Canada Ontario government departments and agencies Crown corporations of Ontario 2016 establishments in Ontario Companies based in Toronto Insurance regulation Insurance in Canada Pension regulation Deposit insurance in Canada {{Investment-stub