Financial Services Regulatory Authority of Ontario

Abu Dhabi The Destination of Choice for Global Players With ADGM's Record-Breaking Numbers for First Half of 2023

Retrieved on: 
Thursday, September 14, 2023

ABU DHABI, UAE, Sept. 14, 2023 /PRNewswire/ -- Abu Dhabi, the capital of the United Arab Emirates, has continued to attract major global and regional players to its International Financial Centre (IFC), Abu Dhabi Global Market (ADGM).

Key Points: 
  • ABU DHABI, UAE, Sept. 14, 2023 /PRNewswire/ -- Abu Dhabi, the capital of the United Arab Emirates, has continued to attract major global and regional players to its International Financial Centre (IFC), Abu Dhabi Global Market (ADGM).
  • The IFC also witnessed a major addition in the first half of 2023, welcoming legendary investor Ray Dalio, who has selected Abu Dhabi as its next strategic hub to expand his family office's global footprint.
  • Rajeev Misra, CEO of OneIM, commented, "Abu Dhabi has become an international hub for investors, employers and employees alike.
  • ADGM announced the return of Abu Dhabi Finance Week which will be held from 27th November to 30thNovember 2023.

Abu Dhabi The Destination of Choice for Global Players With ADGM's Record-Breaking Numbers for First Half of 2023

Retrieved on: 
Thursday, September 14, 2023

ABU DHABI, UAE, Sept. 14, 2023 /PRNewswire/ -- Abu Dhabi, the capital of the United Arab Emirates, has continued to attract major global and regional players to its International Financial Centre (IFC), Abu Dhabi Global Market (ADGM).

Key Points: 
  • ABU DHABI, UAE, Sept. 14, 2023 /PRNewswire/ -- Abu Dhabi, the capital of the United Arab Emirates, has continued to attract major global and regional players to its International Financial Centre (IFC), Abu Dhabi Global Market (ADGM).
  • The IFC also witnessed a major addition in the first half of 2023, welcoming legendary investor Ray Dalio, who has selected Abu Dhabi as its next strategic hub to expand his family office's global footprint.
  • Rajeev Misra, CEO of OneIM, commented, "Abu Dhabi has become an international hub for investors, employers and employees alike.
  • ADGM announced the return of Abu Dhabi Finance Week which will be held from 27th November to 30thNovember 2023.

Ontario Trial Lawyers call for an immediate investigation into the conduct of Aviva Insurance by Ontario's insurance regulator

Retrieved on: 
Thursday, August 3, 2023

TORONTO, Aug. 3, 2023 /CNW/ - The Ontario Trial Lawyers Association (OTLA) calls for an immediate investigation into the conduct of Aviva Insurance and its subsidiaries.

Key Points: 
  • TORONTO, Aug. 3, 2023 /CNW/ - The Ontario Trial Lawyers Association (OTLA) calls for an immediate investigation into the conduct of Aviva Insurance and its subsidiaries.
  • OTLA has learned that Aviva hired government insurance adjudicator, Thérèse Reilly, when she was employed with the Licence Appeal Tribunal (LAT), the quasi-judicial body that handles insurance claims disputes.
  • OTLA has filed a formal complaint against Aviva with the Ontario insurance regulator, the Financial Services Regulatory Authority (FSRA).
  • "Aviva would have known that the adjudicator handling their disputes had accepted their employment offer but apparently did not say anything.

FP Canada™ announces June 2023 QAFP® exam results

Retrieved on: 
Wednesday, July 12, 2023

TORONTO, July 12, 2023 /CNW/ - FP Canada today announced the release of the results for the June sitting of the QUALIFIED ASSOCIATE FINANCIAL PLANNER™ exam.

Key Points: 
  • TORONTO, July 12, 2023 /CNW/ - FP Canada today announced the release of the results for the June sitting of the QUALIFIED ASSOCIATE FINANCIAL PLANNER™ exam.
  • There were 56 candidates who wrote the exam, and the pass rate for first-time writers was 81%.
  • According to a survey conducted by FP Canada, the vast majority of candidates (79%) chose to write the QAFP exam to enhance their skills and better serve their clients.
  • The June QUALIFIED ASSOCIATE FINANCIAL PLANNER exam was administered via online proctoring and at 16 in-person test centres across the country.

JOINT STATEMENT ON PROPOSED FSRA FEE RULE AMENDMENT AND ONTARIO'S TITLE PROTECTION FRAMEWORK

Retrieved on: 
Tuesday, June 6, 2023

Specifically, the proposed Fee Rule, if approved, would create a special fee exemption for the Canadian Investment Regulatory Organization (CIRO) to apply for approval as a Credentialing Body, and to apply for approval on behalf of the representatives it oversees for use of the "Financial Advisor" title, under Ontario's Title Protection Framework.

Key Points: 
  • Specifically, the proposed Fee Rule, if approved, would create a special fee exemption for the Canadian Investment Regulatory Organization (CIRO) to apply for approval as a Credentialing Body, and to apply for approval on behalf of the representatives it oversees for use of the "Financial Advisor" title, under Ontario's Title Protection Framework.
  • These organizations share the following key concerns:
    The proposed Fee Rule itself is fundamentally flawed.
  • If approved by the Minister, it would create fee exemptions that are completely disproportionate to Title Protection Framework cost realities, and would exempt CIRO and its representatives from paying their fair share of fees required to fund Ontario's Title Protection Framework; fees all other credentialing bodies (CBs) and their credential holders pay.
  • In addition to contravening the basic principles of transparency and fairness, the proposed Fee Rule risks undermining the long-term viability and sustainability of Ontario's Title Protection Framework.

CCIR Executive Committee Announcement

Retrieved on: 
Monday, April 24, 2023

TORONTO, April 24, 2023 /CNW/ - The Canadian Council of Insurance Regulators (CCIR) is pleased to announce its new Executive Committee.

Key Points: 
  • TORONTO, April 24, 2023 /CNW/ - The Canadian Council of Insurance Regulators (CCIR) is pleased to announce its new Executive Committee.
  • The newly appointed Executive Committee members extended their deep appreciation for the leadership shown by outgoing Chair, Robert Bradley (PE).
  • He also served as an Advisor to the Chief Executive Officer of a mortgage insurer and President of a credit rating agency.
  • The new Executive Committee appointments follow the recent publication of CCIR's 2023-2026 Strategic Plan.

Digital Economy Summit 2023 Highlights Innovation and Technology, Supercharging Economic Growth and a Smarter Future

Retrieved on: 
Thursday, April 13, 2023

HONG KONG, April 13, 2023 /PRNewswire/ -- Asia's flagship innovation and technology event, the Digital Economy Summit (DES) 2023, kicked off today at the Hong Kong Convention and Exhibition Centre (HKCEC). Jointly organised by the HKSAR Government and Cyberport, the two-day summit held in hybrid format gathers the world's influential leaders in technology, business, academia and government, to explore the significance of technological innovations in boosting economic growth and accelerating the formation of resilient and futureproof digital societies.

Key Points: 
  • DES 2023 aims to inspire regional and global visions for a better digital future.
  • We are now poised to start a new chapter of digital economy development through our persistent pursuit of I&T advancement.
  • To echo the theme of today's Summit, we must embrace the sweeping changes brought about by the digital revolution, in order to emerge stronger than ever in a smarter future.
  • In the afternoon sessions, experts and attendees took an in-depth look at the application of technology in the digital economy.

Digital Economy Summit 2023 Highlights Innovation and Technology, Supercharging Economic Growth and a Smarter Future

Retrieved on: 
Thursday, April 13, 2023

HONG KONG, April 13, 2023 /PRNewswire/ -- Asia's flagship innovation and technology event, the Digital Economy Summit (DES) 2023, kicked off today at the Hong Kong Convention and Exhibition Centre (HKCEC). Jointly organised by the HKSAR Government and Cyberport, the two-day summit held in hybrid format gathers the world's influential leaders in technology, business, academia and government, to explore the significance of technological innovations in boosting economic growth and accelerating the formation of resilient and futureproof digital societies.

Key Points: 
  • DES 2023 aims to inspire regional and global visions for a better digital future.
  • We are now poised to start a new chapter of digital economy development through our persistent pursuit of I&T advancement.
  • To echo the theme of today's Summit, we must embrace the sweeping changes brought about by the digital revolution, in order to emerge stronger than ever in a smarter future.
  • In the afternoon sessions, experts and attendees took an in-depth look at the application of technology in the digital economy.

FP Canada™ announces results for the February 2023 CFP® exam

Retrieved on: 
Wednesday, April 5, 2023

TORONTO, April 5, 2023 /CNW/ - Today, FP Canada announced the results for the February sitting of the CFP exam.

Key Points: 
  • TORONTO, April 5, 2023 /CNW/ - Today, FP Canada announced the results for the February sitting of the CFP exam.
  • According to FP Canada's post-exam survey, 81.5% of those who took the CFP exam in February were motivated by a desire to enhance their skills and better serve their clients.
  • The value firms place on FP Canada certifications was also evident from the feedback provided through the post-exam survey.
  • "Congratulations to all exam candidates who successfully wrote the CFP exam in February," said Tashia Batstone, FP Canada President and CEO.

FP Canada™ announces QAFP™ exam results for February 2023

Retrieved on: 
Thursday, March 9, 2023

TORONTO, March 9, 2023 /CNW/ - FP Canada today announced the release of the results for the February sitting of the QAFP exam.

Key Points: 
  • TORONTO, March 9, 2023 /CNW/ - FP Canada today announced the release of the results for the February sitting of the QAFP exam.
  • A total of 25 candidates wrote the exam, and the first-time writer pass rate was 68%.
  • In addition to one exam per year that's offered solely via online proctoring, FP Canada offers two hybrid exam administrations per year, which are administered through online proctoring and at in-person test centres across the country.
  • We wanted to give candidates on the path to certification the earliest opportunity to attempt the exam," said Tashia Batstone, President & CEO of FP Canada.