Ontario’s Financial Services Regulatory Authority (FSRA) has released final guidance for mortgage brokers to improve oversight and consumer protection. The guidance highlights the role of principal brokers in larger brokerages, aiming to empower them with more authority and resources for compliance and training. FSRA focuses on fostering a strong compliance culture within brokerages. Additionally, FSRA introduced its 2024-2025 Mortgage Brokering Supervision Plan to oversee private mortgage investments amid rising costs.
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