FSRA seeks feedback on proposed approach to communicating enforcement actions

TORONTO, Aug. 10, 2021 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) is increasing its transparency in enforcement actions. 

FSRA is now consulting on proposed Approach guidance that outlines how and when FSRA publishes information about enforcement proceedings and investigations. The proposed guidance outlines how FSRA communicates Notices of Proposals, Notices of Intended Decisions, Final Orders and Minutes of Settlement through news releases to increase public and industry awareness. Our proposed approach will provide greater access to information about who and what type of conduct is being sanctioned. As a result, the public, industry and other regulators can be better informed.

To review the proposed guidance and submit your feedback, please visit FSRA's website. The consultation period is now open and will close on September 24, 2021.  

Learn more

• Consultation on Transparent Communication of FSRA Enforcement Actions
  
  
• FSRA is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers and members. Learn more at www.fsrao.ca.

SOURCE Financial Services Regulatory Authority of Ontario

FOR MEDIA INQUIRIES: Andrea Wooland, Senior Manager, Corporate Communications, Financial Services Regulatory Authority of Ontario (FSRA), C: [phone], [email protected]

Related Links

www.fsrao.ca