1 In this Act, “Authority” means the Financial Services Regulatory Authority of Ontario continued under subsection 2 (1) of the Financial Services Regulatory Authority of Ontario Act, 2016; (“Autorité”) “Authority rule” means a rule made under subsection 55 (1); (“règle de l’Autorité”) “Chief Executive Officer” means the Chief Executive Officer appointed under subsection 10 (2) of the Financial Services Regulatory Authority of Ontario Act, 2016; (“directeur général”) “cost of borrowing”, for a mortgage, means, (a) the interest or discount applicable to the mortgage, (b) any amount charged in connection with the mortgage that is payable by the borrower to the brokerage or lender, (c) any amount charged in connection with the mortgage that is payable by the borrower to a person other than the brokerage or lender, where the amount is chargeable, directly or indirectly, by the person to the brokerage or lender, and (d) any charge prescribed as included in the cost of borrowing, but does not include any charge prescribed as excluded from the cost of borrowing; (“coût d’emprunt”) “financial institution” means a bank or authorized foreign bank within the meaning of section 2 of the Bank Act
(Canada), a credit union to which the Credit Unions and Caisses Populaires Act, 2020 applies including a central within the meaning of that Act, an insurer licensed under the Insurance Act, a corporation registered under the Loan and Trust Corporations Act or a retail association as defined under the Cooperative Credit Associations Act (Canada); (“institution financière”) “lawyer” means a person who is authorized to practise law in Ontario; (“avocat”) “licence” means a licence issued under this Act; (“permis”) “licensed” means licensed under this Act; (“titulaire de permis”) “mortgage” has the same meaning as in section 1 of the Mortgages Act; (“hypothèque”) “mortgage administrator” means a corporation, partnership, sole proprietorship or other entity that has a mortgage administrator’s licence; (“administrateur d’hypothèques”) “mortgage agent” or “agent” means an individual who has a mortgage agent’s licence; (“agent en hypothèques”, “agent”) “mortgage broker” or “broker” means an individual who has a mortgage broker’s licence; (“courtier en hypothèques”, “courtier”) “mortgage brokerage” or “brokerage” means a corporation, partnership, sole proprietorship or other entity that has a brokerage licence; (“maison de courtage d’hypothèques”, “maison de courtage”) “prescribed” means, (a) prescribed by the regulations; or (b) subject to subsection 55 (9), in respect of matters listed in subsection 55 (1), prescribed by the Authority rules; (“prescrit”) “regulation” means a regulation made under this Act; (“règlement”) “requirement established under this Act” means a requirement imposed by this Act or by a regulation or an Authority rule, a condition of a licence, a requirement imposed by order or an obligation assumed by way of an undertaking; (“exigence établie en application de la présente loi”) “Tribunal” means the Financial Services Tribunal continued under the Financial Services Tribunal Act, 2017. (“Tribunal”)  2006, c. 29, s. 1; 2017, c. 34, Sched. 17, s. 24; 2017, c. 34, Sched. 27, s. 1 (2, 3); 2018, c. 8, Sched. 17, s. 1, 5; 2020, c. 36, Sched. 7, s. 321; 2020, c. 36, Sched. 14, s. 10 (1). Section Amendments with date in force (d/m/y) 2017, c. 34, Sched. 17, s. 24 - 01/04/2019; 2017, c. 34, Sched. 27, s. 1 (1) - no effect - see 2018, c. 8, Sched. 17, s. 5 - 08/05/2018; 2017, c. 34, Sched. 27, s. 1 (2, 3) - 08/06/2019 2018, c. 8, Sched. 17, s. 1 - 08/06/2019; 2018, c. 8, Sched. 17, s. 5 - 08/05/2018; CTS 04 SE 18 - 2 2020, c. 36, Sched. 7, s. 321 - 01/03/2022; 2020, c. 36, Sched. 14, s. 10 (1) - 08/12/2020 Regulated Activities