FSCO announces organizational changes

Ontario’s Financial Services Commission (FSCO) is streamlining its operations and announcing several management changes. The Licensing and Compliance Division has changed to the Licensing and Market Conduct Division, to be led still by Grant Swanson, reflecting the regulator’s increased focus on market conduct and its reduced role in solvency regulation. The Examination division is being split into Prudential Compliance, led by Chuck Andrews, and Market Conduct Compliance, led by Anita Sastri. And all corporate communications, public and media relations functions will be merged into the Corporate Policy and Public Affairs Branch, led by Martin Ship. A Regulatory Co-ordination Branch is being set up, led by Nurez Jiwani, to deal with interactions with national regulatory associations such as the Canadian Council of Insurance Regulators (CCIR). And internal operations will fall under the new Corporate Services Division, led by Linda Della Rocca.As part of the changes, FSCO announces the impending retirements of Cecil Persaud, John Harper and Gil Boeckler.