Annual Report 2016-2017

​Table of contents

 

​Update on FSCO Projects

 

FSCO’s three-year strategic plan guides its operations. Each year FSCO’s Agency Business Plan outlines the organization’s strategic direction and provides details about major initiatives planned or underway to help achieve its goals.

 

The table below lists the status of each project or initiative listed in FSCO’s 2016-2019 Agency Business Plan as at March 31, 2017. This year, a number of projects have been placed on hold pending implementation decisions related to the establishment of the Financial Services Regulatory Authority. 

 

FSCO often begins new projects and initiatives during a strategic business cycle that may not have been part of the initial Agency Business Plan. These projects typically arise in response to emerging issues or direction from government.

 

Project nameStatusProjected fiscal year of completion
Long-Term Disability Insurance Requirement ProjectOn holdTBC
Market Regulation Branch Operational and Supervisory FrameworkIn progress2017-18
Auto Insurance Cost and Rate Reduction Strategy – 2015 Auto Insurance ReformIn progress2017-18
Transition of Dispute Resolution Services to Licence Appeal TribunalCompleten/a
Minor Injury Treatment Protocol Project ImplementationIn progress2018-19
Work with Stakeholders to Reduce Auto Insurance Fraud: Auto Insurance Anti-Fraud Task ForceCompleten/a
Accessibility for Ontarians with Disabilities Act and Ontario Public Service Directive ImplementationIn progress 2021
Implement Value For Money Audit Recommendations: Licensing and Market Conduct DivisionComplete n/a
Implement Value For Money Audit Recommendations: Pension DivisionIn progress2017-18
Enterprise Business Architecture Project On holdTBC
Enterprise Development Program (Includes Replacement of ARCTICS)On holdTBC
Enterprise Resource Planning ProjectOn holdTBC
Information Management Project Phase IICompleten/a
Risk-Based Regulation: Pension DivisionIn progress2017-18
Strategic Human Capital Development ProgramIn progress2017-18
CAPSA Multi-Lateral Agreement ImplementationIn progress2018-19
CAPSA Pooled Registered Pension Plans FrameworkComplete n/a
CAPSA Pension Plan Governance ReviewCompleten/a
CAPSA Longevity Risk InitiativeCompleten/a
CCIR Market Conduct Co-operative Supervisory Framework InitiativeCompleten/a
CCIR Property Insurance Review InitiativeIn progress2017-18
CCIR Segregated Funds Review InitiativeIn progress2017-18
CCIR Travel Insurance Review InitiativeIn progress2017-18
GISA Data Management InitiativeIn progress2017-18
GISA Service Provider Management InitiativeOn holdTBC
MBRCC Licensing Course Design and Delivery StandardsIn progress2019-20
MBRCC Disciplinary Information Database for Licensed Mortgage BrokersCompleten/a

 

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