On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

Pursuant to sections 2 and 8 of the Financial Services Regulatory Authority of Ontario, Act, 2016,

  1. The chair of the board of directors of the Financial Services Regulatory Authority of Ontario (the “Authority”) shall be paid remuneration of $744 per diem.
  2. The members of the board of directors of the Authority, other than the chair, shall be paid remuneration of $472 per diem.
  3. In addition to the remuneration in paragraphs 1 and 2, the chair and the other members of the board of directors of the Authority shall be reimbursed for reasonable expenses incurred while carrying out their duties on the board of directors in accordance with the relevant directives, guidelines and policies of the Treasury Board and Management Board of Cabinet.

And further Order in Council O.C. 340/2017 is hereby revoked.

Now therefore this Order shall be in effect on June 29, 2019.

Ministry of Finance

Approved and Ordered: May 09, 2019