News & Updates
FSRA publishes “Notice of Changes and Request for Further Comment” for Proposed Rule 2022 – 001 Assessments and Fees.
June 07, 2023
The Financial Services Regulatory Authority (FSRA) of Ontario has published a “Notice of Changes and Request for Further Comment” for Proposed Rule 2022 – 001 Assessments and Fees.
For the pension sector, the proposed changes include (i) raising the threshold for fee assessments determined by calculation from 78 to 91 beneficiaries, (ii) increasing the fixed assessment fee for plans with 91 or fewer beneficiaries from $750 to $1000, and (iii) adjusting the percentages for calculating assessment fees for plans with more than 92 beneficiaries.
FSRA is asking interested parties to make submissions by June 2, 2023. Click on more information below to learn more:
