Regulations & Government Relations
CMBA Ontario’s Regulatory Affairs Committee works with the Financial Services Commission of Ontario (FSCO) and the Ministry of Finance to develop programs to enhance the Mortgage Brokerage Industry in Ontario, through consultation, and assisting to enhance existing rules and regulations. The Committee plays a key role in legislative and regulatory matters by participating in stakeholder meetings with both FSCO and the Ministry of Finance, and communicates Member feedback to both organizations.
In the section below, you will see CMBA advocacy initiatives across Canada. Under Advocacy, we have also included information about our Policies & Procedures manual available for purchase, In The Know Q&As about rules and regulations, as well as Industry News.
Submission to The Advisory Committee on the subject of Finance Canada’s Consultation & Review into the Merits of Open Banking; February 13, 2019
Submission to federal committee on the subject of the “Canadian Real Estate Market and Home Ownership”; Feb. 1, 2017
Letter to Minister of Finance: Recommendations and exemptions for new mortgage rules; Oct. 13, 2016
CRA’s new NOAs Create Fraud Risk; June 2, 2016
Letter to the REM Editor: Help your clients with mortgage shopping