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In addition to its roles as a central agency
and line ministry for the Government of Ontario, the Ministry
of Finance is also responsible for managing the Province's
regulatory affairs.
Some of the Ministry's key regulatory responsibilities
include ensuring prudent management of the province's
debt; regulating financial services to protect consumers and
inspire investor confidence; managing the financing program
at the Ontario Electricity Financial Corporation, and overseeing
the Province's automobile insurance industry.
In this section, you will find information about the various
arm's length agencies that help the Ministry carry out
these regulatory functions. Follow the links to explore the
roles these agencies play in your life. |
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http://www.dico.com
(416) 325-9444
1-800-268-6653
The Deposit Insurance Corporation of Ontario was established
in 1976 by the Credit Unions and Caisses Populaires Act. Its
mission is "to protect depositors" of Ontario credit
unions and caisses populaires.
DICO is administered by a board of directors appointed
by the government, and is accountable to the Provincial Legislature
through the Minister of Finance. It provides deposit insurance
for individual depositors to a current limit of $100,000.
Under the Credit Unions and Caisses Populaires Act, 1994 S.O.,
the Corporation's responsibilities include: providing
deposit insurance, acting as the stabilization authority for
the system, minimizing deposit insurance claims, promoting
standards of sound business practices, collecting and publishing
statistics, providing financial assistance to units under
administration, acting as administrator of member institutions. |
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http://www.fsco.gov.on.ca
(416) 250-7250
1-800-668-0128
The Financial Services Commission, established July 1, 1998,
amalgamated the Ontario Insurance Commission, the Pension
Commission of Ontario, and the Deposit Institutions Division
of the Ministry of Finance.
The Financial Services Commission of Ontario (FSCO)
regulates co-operatives,
credit
unions, caisses
populaires, insurance
(including auto
insurance and the Motor
Vehicle Accident Claims Fund), loan
& trust companies, mortgage
brokers, and pensions. |
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http://www.fstontario.ca/english/
(416) 590-7294
1-800-668-0128 ext. 7294
The Financial Services Tribunal is an independent, adjudicative
body composed of nine to 15 members, including the Chair and
two Vice-Chairs. The Tribunal has exclusive jurisdiction to
exercise the powers conferred under the Financial Services
Commission of Ontario Act, 1997 and other Acts that confer
powers on or assign duties to the Tribunal. It also has exclusive
jurisdiction to determine all questions of fact or law that
arise in any proceeding before it. As well, the Tribunal has
authority to make rules for the practice and procedure to
be observed in a proceeding before it and to order a party
to a proceeding before it to pay the costs of another party
or the Tribunal's costs of the proceeding. |
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http://www.oefc.on.ca/
416-325-8000
Ontario Electricity Financial Corporation was established
by the Electricity Act, 1998 as legal continuation of former
Ontario Hydro.
OEFC is an agency of the Province of Ontario, is
responsible for servicing and retiring Ontario Hydro's
provincially guaranteed debt and managing other liabilities.
It relies on a series of revenue streams generated from the
electricity sector to extinguish its obligations. Ontario
Financing Authority, an agency of the Province of Ontario
provides various services to
OEFC: arranging, coordinating and managing borrowing,
investment of funds and financial risk management, cash management,
banking and accounting services.
OEFC will continue as administrator until the Pension
Plan assets and liabilities can be allocated among the pension
plans of other successor companies to Ontario Hydro. Ontario
Electricity Pension Services Corporation, subsidiary of
OEFC, provides pension services as agent of
OEFC in its capacity as administrator of the Pension
Plan. |
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http://www.ofina.on.ca
(416) 325-8000
The Ontario Financing Authority is an agency of the Province
of Ontario created under the Capital Investment Plan Act,
1993, and reporting to the Minister of Finance. It is responsible
for arranging, co-ordinating and managing the borrowing and
investment of funds and financial risk management activities
on behalf of the Province, its Crown corporations and other
public bodies, in the most efficient and cost-effective way. |
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http://www.osc.gov.on.ca
416-597-0681
The Ontario Securities Commission (OSC) is an arm's length regulatory self-funding agency responsible for Ontario's securities laws. The Minister of Government Services is responsible for overseeing the activities of the Ontario Securities Commission.
The Ontario Securities Commission maintains a list of reporting
issuers and records filings of insider trading, proxy solicitation
material, financial statements and take-over bids for the
benefit of investors. It processes prospectus offerings of
securities and applications for exemption, as well as applications
for transfer or release of securities from escrow. The commission
registers and investigates consumer complaints about stockbrokers,
their salespersons and investment advisers; and commodity
futures dealers, their salespersons and advisers. It also
investigates complaints about actions by companies affecting
the value of securities and answers general questions about
commodity futures trading. |
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Stadium Corporation
of Ontario Limited
905-433-6688
The Stadium Corporation of Ontario Limited (
STADCO) is an agency of the Province of Ontario.
STADCO
was incorporated on August 1, 1984 under the Business
Corporations Act and the Minister of Finance is the sole
shareholder.
STADCO is responsible for all contingent liabilities
and obligations resulting from the construction, operation,
maintenance and ownership interest in the SkyDome, including
the obligation to provide for a permanent bus parking solution
at the SkyDome. Fulfilment of the bus parking obligation is
the principle focus of
STADCO's activities.
Contact:stadco@sympatico.ca |
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