Identity area
Type of entity
Authorized form of name
Parallel form(s) of name
Commission des services financiers de l'Ontario
Standardized form(s) of name according to other rules
Financial Services Commission of Ontario
Other form(s) of name
FSCO
Identifiers for corporate bodies
Description area
Dates of existence
History
The Financial Services Commission of Ontario (FSCO) was established effective July 1, 1998, the result of a merger between the Deposit Institutions Division of the Ministry of Finance, the Ontario Insurance Commission, and the Pension Commission of Ontario.
The Commission is comprised of a Chair, two Vice-Chairs, the Director of Arbitration (responsible for automobile insurance dispute resolution), and the Superintendent of Financial Services (responsbile for the Commission's internal administration and activities).
In 1998, the Commission was comprised of the Automobile Insurance Analysis Division, the Licensing and Enforcement Division, the Policy and Communications Branch, the Pension Plans Branch, and the Office of the Ombudsman.
A reorganization took place in 2001. The Commission was comprised of the Automobile Insurance Division, the Licensing and Compliance division, the Ombudsman/Dispute Resolution Division, the Pension Division, the Corporate Services Branch (became a Division in 2004), the Corporate Policy and Public Affairs Branch, and the Legal Services Branch.
In 2004, the Automobile Insurance Division and the Ombudsman/Dispute Resolution Division were merged to form the Automobile Insurance Services Division. Also, the Licensing and Compliance Division was renamed the Licensing and Market Conduct Division.
Places
Legal status
Functions, occupations and activities
The Financial Services Commission of Ontario (FSCO) regulates insurance, pensions, credit unions, caisses populaires, cooperatives, mortgage brokers, and loan and trust companies.
FSCO's mandate is to enhance consumer confidence and public trust in the regulated sectors, and also to make recommendations to the Minister of Finance on matters affecting the regulated sectors.
The Commission also supervises the Financial Services Tribunal, an independent adjudicative body with jurisdiction over appeals and reviews of decisions of the Superintendent of Financial Services.
Address
Financial Services Commission of Ontario Act, Statutes of Ontario, 1977, chap. 28.
Internal structures/genealogy
General context
Relationships area
Related entity
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Type of relationship
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Description of relationship
Related entity
Identifier of related entity
Category of relationship
Type of relationship
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Description of relationship
Related entity
Identifier of related entity
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Type of relationship
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Description of relationship
Related entity
Identifier of related entity
Category of relationship
Type of relationship
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Description of relationship
Related entity
Identifier of related entity
Category of relationship
Type of relationship
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Description of relationship
Related entity
Identifier of related entity
Category of relationship
Type of relationship
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Description of relationship
Related entity
Identifier of related entity
Category of relationship
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Access points area
Subject access points
Place access points
Epithet
Control area
Authority record identifier
Institution identifier
Rules and/or conventions used
RAD: Rules for Archival Description, 2nd edn (2008)
Status
Level of detail
Dates of creation, revision and deletion
2026-11-16: migrated to AtoM
Language(s)
Script(s)
Sources
Statutes of Ontario, 1997
KWIK Indexes, 1998-2004
Government of Ontario Telephone Directories, 1998-2005
Financial Services Commission of Ontario Web Site
Not in Canadiana Authorities
Maintenance notes
Archivist(s):
Paquet