FSRA refuses to renew the licence of Michael Ryland Slattery and revokes licence of Skylark Holdings Limited

TORONTO, Dec. 19, 2024 /CNW/ - Ontario's financial services regulator, FSRA, has refused to renew the mortgage broker licence of Michael Ryland Slattery (Slattery) and has revoked the mortgage brokerage licence of Skylark Holdings Limited (Skylark).

Slattery, the principal broker of Skylark, is no longer suitable to be licensed because of his past conduct and for providing false or misleading information in three licence renewal applications contrary to Sections 45(1) and 45(2) of the Act. The past conduct of Slattery affords reasonable grounds for belief that the business of Skylark will not be carried on in accordance with the law and with integrity and honesty.

FSRA issued this order as Slattery and Skylark Holdings withdrew their Request for Hearing before the Financial Services Tribunal.

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For media inquiries:

Russ Courtney
Senior Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]

SOURCE Financial Services Regulatory Authority of Ontario