ARSF publishes its innovation framework for public consultation
TORONTO, 21 October 2021 / CNW / – The Financial Services Regulatory Authority of Ontario (FSRA) is committed to fostering a strong, sustainable, competitive and innovative financial services industry and to protecting the public interest.
Today, the ARSF Innovation Office is releasing its innovation framework for consultation.
The proposed framework outlines FSRA’s regime to facilitate an open dialogue with innovators and our Innovation Office. This:
- sets out our guiding principles and our approach to innovation;
- describes our regulatory review process to facilitate innovations for new entrants and incumbents in the industry; and
- encourages the use of testing and learning environments, starting with our automotive sector, which will help introduce new products, services and business models.
The consultation is now open and will end on November 18, 2021.
FSRA continues to work to ensure financial security, fairness and choice for consumers and members. Learn more about www.fsrao.ca
SOURCE Financial Services Regulatory Authority Ontario
For further information: For media inquiries: Stephanie Windsor, Senior Advisor, Public Affairs, Financial Services Regulatory Authority of Ontario, [email protected]