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The Financial Services
Commission of Ontario
FSCO was established under the Financial Services Commission of Ontario Act, 1997 (FSCO Act) with a legislative mandate set out in the FSCO Act.
FSCO's legislative mandate is to provide regulatory services that protect the public interest and enhance public confidence in the sectors it regulates.
FSCO regulates the insurance sector; pension plans; loan and trust companies; credit unions and caisses populaires; the mortgage brokering sector;
co-operative corporations in Ontario; and service providers who invoice auto insurers for statutory accident benefits claims. FSCO is accountable
to the Minister of Finance.
In order to support FSCO’s legislative mandate, the FSCO Act sets out a three-part structure for FSCO, which includes the Commission;
the Superintendent of Financial Services and Staff; and the Financial Services Tribunal (Tribunal).
FSCO was established under the Financial Services Commission of Ontario Act, 1997 (FSCO Act) with a legislative mandate set out in the FSCO Act.
FSCO's legislative mandate is to provide regulatory services that protect the public interest and enhance public confidence in the sectors it regulates.
Regulatory Framework
The Regulatory Framework describes what we do, how we do it, and why we do it. It outlines:
- FSCO's legislative mandate;
- How FSCO fulfills its mandate by achieving regulatory outcomes;
- FSCO's core regulatory activities; and the Principles that FSCO follows when conducting regulatory activities;
The Regulatory Framework also summarizes what FSCO expects from the businesses and individuals that are licensed or registered with FSCO, stakeholders, consumers, or pension plan members; and what can be expected from FSCO in the regulatory process.
Market Regulation Supervisory Framework
The Market Regulation Supervisory Framework is consistent with FSCO’s Regulatory Framework and describes how FSCO’s Market Regulation
Branch plans and delivers its monitoring and compliance activities across the regulated financial services sectors
source: fsco.go.on.ca
