About FSCO

FSCO was established under the Financial Services Commission of Ontario Act, 1997 (FSCO Act) with a legislative mandate set out in the FSCO Act.

FSCO's legislative mandate is to provide regulatory services that protect the public interest and enhance public confidence in the sectors it regulates.

FSCO regulates the insurance sector; pension plans; loan and trust companies; credit unions and caisses populaires; the mortgage brokering sector; co-operative corporations in Ontario; and service providers who invoice auto insurers for statutory accident benefits claims. FSCO is accountable to the Minister of Finance.

In order to support FSCO’s legislative mandate, the FSCO Act sets out a three-part structure for FSCO, which includes the Commission; the Superintendent of Financial Services and Staff; and the Financial Services Tribunal (Tribunal).

FSCO's Regulatory Framework

Our Organization

Statutes We Administer

Regulations We Administer

Insurance Act
Compulsory Automobile Insurance Act
Prepaid Hospital and Medical Services Act (No Regulations)
Co-operative Corporations Act
Credit Unions and Caisses Populaires Act
Loan and Trust Corporations Act
Mortgage Brokerages, Lenders and Administrators Act
Pension Benefits Act

FSCO's Superintendent & Staff

The Superintendent of Financial Services administers and enforces the Financial Services Commission of Ontario Act, 1997 and all other Acts that confer powers on or assign duties to the Superintendent. The Superintendent also exercises the powers and duties conferred upon the Superintendent by these Acts.
All FSCO staff report directly or indirectly to the Superintendent. FSCO staff, who are public servants under the Public Service of Ontario Act, 2006 perform FSCO's day-to-day work.