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Established in 2016, FSRA officially succeeded its predecessor agencies – the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario – on June 8, 2019. [1] The Financial Services Regulatory Authority of Ontario operates at arms-length from the Government of Ontario , and reports to the Legislative Assembly ...
The Ontario Securities Commission (OSC; French: Commission des valeurs mobilières de l’Ontario) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown agency which reports to the Ontario legislature through the Minister of Finance.
Each provincial securities regulator is either a self-funded commission or an entity funded within a larger government department, typically under the respective Justice department. The securities regulator administers the province's securities legislation and, correspondingly, promulgates its own set of rules and regulations.
Money within a money market account is insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration for up to $250,000 per person, per account.
The primary difference between a money market account and a checking account is the restrictions on how you can access your money. Both accounts come with debit cards and checkbooks that you can ...
The average payday loan in Ontario is $435 over 16 days. The government introduced a new bill, Bill 156, Alternative Financial Services Statute Law Amendment Act, 2015 on December 9, 2015 "that will increase protections for consumers who use high-cost alternative financial services, such as payday loans, rent-to-own services, high-cost ...
BananaStock Ever since the financial crisis, regulators have worried about the safety of money-market mutual funds, where U.S. investors had $2.8 trillion parked as of last month. The Securities ...
The Ministry of Finance is a ministry of the Government of Ontario responsible for managing the province's fiscal policy, developing the provincial budget, and financial sector regulation. The minister of finance – called the treasurer before 1993 – leads the ministry and is responsible to the Legislative Assembly of Ontario.