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What We Do

The FST is an independent, adjudicative body composed of at least nine members, including the Chair and up to two Vice-Chairs. At the request of affected persons, proceedings are commenced, whereby the FST adjudicates appeals of decisions of the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (FSRA) and holds hearings to review proposed decisions of the Chief Executive Officer of FSRA.

These proceedings relate to market conduct, licensing or pension matters pertaining to the sectors regulated by FSRA. Although the FST is an administrative adjudicative body with powers similar to those of a court, it is not a court of law. Members of the FST are adjudicators (not judges) and form panels of one or three members with respect to proceedings before them. A panel makes decisions based on the evidence and submissions presented by parties during the proceeding.