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An order that is made regarding a licence holder reflects a situation at a particular point in time. The status of a licence holder can change. Readers should check the current status of a person’s or entity’s licence on the Licensing Link section of FSRA’s website. Readers may also wish to contact the person or entity directly to get additional information or clarification about the events that resulted in the order.
Financial Services Regulatory Authority of Ontario

IN THE MATTER OF the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c. 29, as amended (the “MBLAA”), in particular sections 19 and 21;

AND IN THE MATTER OF Jasneet Singh Bajwa (“Bajwa”).


ORDER TO IMPOSE CONDITIONS ON LICENCE

Bajwa is licensed as a mortgage agent (licence # M22000639) under the Act.

On September 3, 2024, by delegated authority from the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”), the Director, Litigation and Enforcement (the “Director”) issued a Notice of Proposal to revoke Bajwa’s mortgage agent licence due to his past conduct in the insurance sector and for providing false information on his licence renewal application.

A Request for Hearing (Form 1) dated September 17, 2024, was delivered to the Financial Services Tribunal (the “Tribunal”), in accordance with section 39(5) of the MBLAA respecting this Notice of Proposal.

On December 2, 2025, Bajwa withdrew the Request for Hearing and the Tribunal closed its file with respect to the matter. This Order is made pursuant to a settlement entered into by Bajwa and the Director.

ORDER

Once submitted, the new previously licensed mortgage agent application of Bajwa will be issued subject to the following conditions, which will be revisited in two years from the date of this Order:

  1. All mortgages arranged by Bajwa must be reviewed by his Principal Broker;
  2. Bajwa shall not access client files at his brokerage unless he is directly involved with the client file;
  3. Bajwa shall provide FSRA with a statement every three months, signed by Bajwa and his Principal Broker, confirming that he is complying with his licence conditions and statutory obligations; and
  4. Bajwa shall not apply for a mortgage broker licence for a period of two years from the date of this Order.

DATED at Toronto, Ontario, December 3, 2025

Original signed by

Elissa Sinha
Director, Litigation and Enforcement

By delegated authority from the Chief Executive Officer


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