The Expenditure Estimates are available in PDF and HTML versions. The PDF version is a format reflecting the true printed version. The HTML version is an accessible format.
The Financial Services Commission of Ontario (FSCO) provides for the regulation of insurance, pension plans, loan and trust companies, credit unions and caisses populaires, mortgage brokers and co-operative corporations by delivering efficient and effective regulatory services that protect consumers of financial services and support a reliable, dynamic and competitive industry. FSCO also makes recommendations to the Minister on matters affecting the regulated sectors. In addition, the Motor Vehicle Accident Claims Fund compensates persons injured in automobile accidents in Ontario by an uninsured, unidentified or stolen vehicle where there is no other insurance available to respond to the claim.
Securities regulation in Ontario is performed by the Ontario Securities Commission (OSC). On November 1, 1997, the OSC became a self-funding agency, financing its operations through retention of its fee revenues.
|VOTE and item||2002-03 Estimates||PROGRAM AND ACTIVITIES||Change from 2001-02||2001-02 Estimates||2000-01 Actual|
|1204||FINANCIAL SERVICES INDUSTRY REGULATION PROGRAM|
|1||40,234,900||Financial Services Commission of Ontario||953,700||39,281,200||36,451,467|
|2||1,000||Motor Vehicle Accident Claims Fund||(7,399,000)||7,400,000||-|
|24,000,000||Less: Special Warrants||24,000,000||-||-|
|16,235,900||Amount to be Voted||(30,445,300)||46,681,200||36,451,467|
|Financial Services Commission of Ontario (1204-1)||$|
|Salaries and wages||21,726,200|
|Transportation and communication||722,900|
|Supplies and equipment||1,355,000|
|Schulich School Grant||20,000|
|Motor Vehicle Accident Claims Fund (1204-2)|
|Salaries and wages||1,216,600|
|Transportation and communication||62,900|
|Supplies and equipment||83,000|
|Total Operating for Financial Services Industry Regulation Program||40,235,900|