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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 FSCO’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.

 

 
Superintendent of
Financial
Services
 
Ontario Coat of Arms
 
Surintendant des
services
financiers
 

REGARDING the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29 (the “Act”), in particular sections 7, 19 and 21

AND REGARDING Fiducia Mortgages Inc.


REVOCATION ORDER

On July 29, 2014, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to revoke the mortgage brokerage licence of Fiducia Mortgages Inc.

Fiducia Mortgages Inc. had 15 days after receipt of the Notice to request a hearing before the Financial Services Tribunal (“Tribunal”) in accordance with section 21(2) of the Act.

The Registrar of the Tribunal has confirmed that no request for a hearing has been received from Fiducia Mortgages Inc. or anyone on its behalf in respect of the proposal to revoke.

Section 21(7) of the Act provides that the Superintendent may carry out the proposal to revoke a licence when no hearing has been requested.

ORDER

The mortgage brokerage licence of Fiducia Mortgages Inc. is revoked.

DATED at Toronto, Ontario, November 12, 2014.


Original signed by

Shonna Neil
Director, Licensing Branch

By Delegated Authority from:
The Superintendent of Financial Services


© Queen's Printer for Ontario, 2014