The Financial Services Regulatory Authority of Ontario suspended the licences of health service providers and revoked the licences of mortgage brokerages that failed to meet annual reporting obligations and pay required fees. The affected entities received multiple reminders and warnings that continued noncompliance could result in the loss of their licences. Health service providers and mortgage brokerages must file an Annual Information Return even while their licence is suspended. The returns support risk identification and supervisory planning. Suspended health service providers may continue treating motor vehicle accident victims but cannot receive direct payments from insurers, while mortgage brokerages and administrators that miss filing deadlines may also face administrative penalties or other enforcement action.
2026-09-09Financial Services Regulatory Authority of Ontario
Financial Services Regulatory Authority of Ontario suspends health service provider licences and revokes mortgage brokerage licences over filing and fee breaches
The Financial Services Regulatory Authority of Ontario suspended health service provider licences and revoked mortgage brokerage licences for failures to file annual returns and pay fees. Suspended health service providers may continue providing care but cannot receive direct insurer payments.