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Updated Professional Services Guideline

With this Bulletin, the Financial Services Commission of Ontario (FSCO) is releasing an updated Professional Services Guideline (Guideline).   The revised Guideline increases the maximum hourly rates by 2.9 per cent. This increase is based on the 2011 Consumer Price...

Agree to failure

Consent Failures Since September 2011, FSCO has been sending out letters with an attached form to claimants and insurers, starting with the oldest files, to consider the option of failing mediation upon mutual consent. The Consent to Fail Mediation Form requires the...

Wait times for Mediation reduced?

In a case heard on January 17, 2012. Justice Sloan noted the history of FSCO backlogs and the relevant case law and legislation and he concluded that the failure to have a mediation session within the 60 day time limit was, in effect, a statutory “failure” of the...