Issue No. 6, May 2014
The Financial Services Commission of Ontario (FSCO) will begin accepting service provider licence applications this Sunday June 1, 2014. Service providers must apply for a licence via FSCO's website.
To ensure a licensing decision by November 30, 2014, your business must apply for its service provider licence before August 31, 2014. Service providers that do not submit licence applications prior to August 31, 2014 may not receive licensing decisions prior to November 30, 2014. Licences will be required as of December 1, 2014.
View FSCO's instructional video on how to apply for a licence
An instructional video
is available on FSCO's website to assist you with the licence application process. The video provides a step-by-step overview on how to apply for a licence.
Consult FSCO's online Service Provider Licensing Guide for detailed licensing information
FSCO has also developed an easy-to-access service provider licensing guide
that contains detailed information on licensing and compliance requirements, including information on:
- Why and how service providers are being licensed by FSCO
- Licence application processes, fees, and deadlines
- Who is eligible for a service provider licence
- How to make sure you are complying with the law
- Additional resources about the licensing of service providers
FSCO is a regulatory agency of the Ministry of Finance that regulates certain financial services sectors conducting business in Ontario.
FSCO is a new regulator for most of you. For more information on what we do, how we do it, and why we do it, consult FSCO's Regulatory Framework. The Framework summarizes what FSCO expects from the businesses and individuals that are licensed by FSCO; as well as what can be expected from FSCO in the regulatory process.
We hope that you find the information in the Regulatory Framework helpful as we further develop our relationship with service providers.
For more information about service provider licensing, make sure to:
Toll free: 1-800-668-0128
Fax: (416) 590-7070
FSCO is committed to promptly responding to service provider inquiries, and posts answers to frequently asked questions on its website.