FSRA marks its first year anniversary by releasing a newsletter highlighting key activities as well as scorecard demonstrating substantial progress with 96 per cent of our inaugural year priorities being complete or substantially complete.
FSRA launched on June 8, 2019, to replace the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO). The agency is flexible, self-funded and designed to respond rapidly to an evolving market and consumer conditions.
Early in fiscal 2019, the Board approved FSRA’s 2019-2020 Annual Business Plan (ABP) which was approved by the Minister of Finance. The plan outlined eight corporate and 18 sector-specific priorities, and the related budget to achieve these priorities. To date, 96 per cent of the initiatives are complete or nearing completion. The scorecard summarizes the progress of each priority and clearly addresses related success factors.
Financial Services Regulatory Authority of Ontario – 2020-06-08
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