The Financial Services Regulatory Authority of Ontario (FSRA) has revoked the licences of Health Service Providers (HSPs) that did not meet annual reporting requirements and did not pay required fees. FSRA highlighted that filing the Annual Information Return is used to target supervision and identify potential risks to consumers. The affected HSPs received multiple reminders and were warned that non-compliance could lead to loss of licence. FSRA noted that HSPs with suspended or revoked licences may continue to provide care to motor vehicle accident victims but cannot receive direct payment from insurance companies.
Financial Services Regulatory Authority of Ontario 2025-12-08
Financial Services Regulatory Authority of Ontario revokes licences of health service providers for failing annual reporting and fee obligations
The Financial Services Regulatory Authority of Ontario (FSRA) revoked the licences of Health Service Providers (HSPs) for failing to meet annual reporting requirements and pay fees. FSRA emphasized the importance of the Annual Information Return for supervision and risk identification. HSPs with suspended or revoked licences can still provide care to accident victims but cannot receive direct payments from insurers.