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Ontario overhauls financial services

Thursday, January 26, 2017 @ 7:00 PM | By Grace Patenall

The brisk pace at which the Ontario government is moving forward with the creation of the provincial Financial Services Regulatory Authority (FSRA) has taken the financial services industry by surprise. The industry was in the process of digesting the mid-November announcement by Ontario Finance Minister Charles Sousa of the province’s intention to create a new regulator when a second announcement was made with news that enabling legislation had been introduced.

The Nov. 16, 2016 introduction to the legislature of Bill 70 — Building Ontario Up for...