About FSRA
FSRA is a principles-based, outcomes focused independent regulatory agency, created to improve consumer and pension plan beneficiary protections in Ontario. FSRA protects Ontario consumers, which includes the public, credit union members, pension plan beneficiaries, investors and other stakeholders.
FSRA provides prudential and/or conduct regulation and supervision of:
Property & Casualty
and Auto Insurance
Life and Health
Insurance
Credit Unions and
Caisses Populaires
Loan and Trust
Companies
Mortgage
Brokering
Health Service Providers
(related to Auto Insurance)
Pension
Plans
Financial Planners
and Advisors
Learn more at fsrao.ca
Supporting innovation in Ontario’s financial services sector is a foundational part of FSRA’s mandate as a regulator. FSRA’s Innovation Office was launched to empower and support Ontario’s financial services sector in overcoming barriers to innovation while maintaining consumer confidence. The Innovation Office helps foster responsible innovation in Ontario’s financial services sector and helps innovators reduce obstacles to introducing their services and products to the market. The Innovation Office is committed to taking a collaborative approach to ensure that Ontario’s financial services sector can pursue innovative products and solutions.
Test and Learn Environment (TLE)
The Innovation Office’s Test and Learn Environment (TLE) provides innovators with a sandbox for testing and gauging market response to their innovations. It is custom designed to support experimental business activities that would typically be restricted by sector regulations. The TLE provides real-market conditions and safe parameters, for a limited time, allowing innovators to test their product or service confidently.
The Test and Learn Environment provides:
- Real-time insights and feedback on how the new approach, product or service performs in a real market
- Findings to help validate the new product or service offerings, with insights on how it might enhance or adapt current regulations
Office Hours
If you are a scaleup, startup or founder related to financial services in Ontario, come discuss your innovative product or service with the regulator and learn more about FSRA’s tools to support innovation. This is your chance to learn and connect with the regulator to overcome barriers to introduce your innovative idea to the market. Office hours with FSRA’s Innovation Office will be occurring in September & October at the following times:
To get in touch directly with FSRA’s team, please send an email to [email protected]
