RE: Financial Services Commission of Ontario Priorities — Request for Submissions

The Financial Services Commission of Ontario Act, 1997 (FSCO Act) requires the Financial Services Commission of Ontario to deliver to the Minister of Finance, and publish in The Ontario Gazette, a statement setting out the proposed priorities of the Commission for the following fiscal year in connection with the administration of the Insurance Act, the Compulsory Automobile Insurance Act, the Motor Vehicle Accident Claims Act, the Marine Insurance Act, the Prepaid Hospital and Medical Services Act, the Co-operative Corporations Act, the Credit Unions and Caisses Populaires Act, the Loan and Trust Corporations Act, the Mortgage Brokers Act, the Pension Benefits Act and the Registered Insurance Brokers Act, together with a summary of the reasons for the adoption of those priorities.

The statement of priorities for the coming fiscal year will be submitted to the Minister of Finance in June 2002 and will be published in The Ontario Gazette shortly thereafter.

In keeping with the FSCO Act and the Commission’s goal of furthering transparency in the regulatory process, the Commission invites interested parties to make written submissions regarding their views as to the matters that should be identified as priorities of the Financial Services Commission of Ontario.

The Statement of Priorities is posted on the FSCO website at www.FSCO.gov.on.ca.

For a copy of the Statement of Priorities, or to forward submissions by May 27 2002, please contact:

Chief Executive Officer
and Superintendent of Financial Services
Financial Services Commission of Ontario
5160 Yonge Street, Box 85
Toronto, Ontario
M2N 6L9
or fax to (416) 590-7070.
17/02