Submission to FSRA on its Consultation on an Innovation Framework
Release Date: 11/29/2021 Staff Reference: Sarah Hobbs; Susan MurrayThe Financial Services Regulatory Authority of Ontario (FSRA) launched a consultation on an Innovation Framework for a more innovative financial services sector in Ontario. The consultation sought views from the industry on guiding principles to support innovation and on a framework to provide “test and learn” environments to encourage the development of new technologies. While the focus of the regulator at this point is on the auto insurance sector, it was noted that the Innovation Framework will be used to support innovation in all sectors.
