The 2025-26 plan focuses on licensing, stakeholder engagement, and operations
The Financial Services Regulatory Authority of Ontario (FSRA) is inviting public feedback on its proposed 2025-26 Statement of Priorities and Budget, which will guide the regulator's actions over the next year.
The consultation period, which runs from November 14 to December 6, aims to gather feedback from stakeholders to help shape the future of financial services regulation in Ontario.
The proposed priorities outline FSRA’s strategic objectives for the year ahead, highlighting cost-effective consumer protection, enhanced stakeholder engagement, and operational modernization.
FSRA plans to engage more effectively with stakeholders and emphasize consumer-focused initiatives. This includes amplifying consumer voices, supporting innovation, and ensuring FSRA is accessible and responsive to all stakeholders.
Licensing processes are another area of focus, with FSRA aiming to introduce new tools and implement recommendations to streamline service delivery for licensees. These changes are designed to increase efficiency while maintaining strong protections for consumers.
Additionally, FSRA continues to prioritize the modernization of its systems and internal processes through its FSRAForward program. Despite encountering cost overruns and delays, the regulator is exploring strategies to ensure the program delivers on its promise of improving operational efficiency and service delivery.
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The Statement of Priorities will form the basis of FSRA’s Annual Business Plan, which will be submitted to the minister of finance for approval. The budget details included in the proposal are currently in draft form and will be finalized as part of the planning process.
Stakeholders, including financial professionals and consumers, are encouraged to review the proposed priorities and budget and provide feedback by December 6, at 11:59 p.m. EST.
“Public consultation is an important element of our approach to regulation. Your feedback is crucial in helping us to foster a strong, sustainable, and innovative financial services sector and to protect and empower consumers in Ontario.” FSRA interim CEO Stephen Power said in a press release.
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