FSRA seeking applicants for new technical advisory committee

The Financial Services Regulatory Authority of Ontario (FSRA) is seeking applicants to join a new Technical Advisory Committee for Credit Union Supervisory and Regulatory Initiatives.

The Advisory Committee will play an important role in enhancing FSRA’s regulatory efficiency and effectiveness and promoting a safe, sound, vibrant and sustainable credit union system.

The Committee will provide expert insight and advice on new sector Guidance, Rules and other initiatives, such as the Risk-Based Supervisory Framework, Business and Investment Powers approach and Resolution Planning.

The Committee will consist of 10 to 14 members appointed for a standing, two-year term. FSRA is seeking applicants with executive-level or extensive experience in:

• The legal and regulatory framework for credit unions;
• Credit union operations, including compliance and risk management practices;
• Credit union strategic management practices, initiatives and undertakings; and/or
• FSRA supervisory practices.

FSRA is seeking representation from, but not limited to, credit unions, legal firms, regulatory compliance professionals, consumer advocates (which may include members of FSRA’s Consumer Advisory Panel) and risk management experts. Geographic representation and organization size will be considered.

Members will participate in at least four meetings per year, scheduled to begin in fall 2021.

Interested applicants can send submissions to Joanna Wearing at: [email protected] by October 1, 2021.

View the Terms of Reference for more information.