P resident and CEO

We would suggest that FSRA consider the overarching principles and policy objectives of the guidance to identify if there is overlap and duplication. [...] Currently, the life and health industry gathers and reports a significant amount of market conduct data in the “Annual Statement on Market Conduct” to the Canadian Council of Insurance Regulators. [...] Accordingly, we recommend that FSRA review the existing FSCO Guidance in relation to the CCIR-CISRO Guidance on this same topic with an eye to harmonizing the two expectations to the greatest extent possible. [...] 3 Budget We are of the view that the proposed budget reflects a reasonable and conscientious approach to developing the financial plan for FSRA and we support the proposed budget requirements. [...] We appreciate the consultative approach taken to date, and look forward to continuing to collaborate with FSRA in the months ahead.