Key Takeaways
- FST orders are final unless the governing Act provides for an appeal (FST Act, s. 9(4)).
- Mortgage and insurance licensing decisions can be appealed to the Divisional Court (MBLAA, s. 21(5); Insurance Act, s. 407.1(5)).
- The order takes effect immediately; the FST may stay it pending appeal (MBLAA, s. 21(6); Insurance Act, s. 407.1(6)).
The Appeal Right
A party to a hearing held by the FST may appeal its order to the Divisional Court under the MBLAA (s. 21(5)) and the Insurance Act (s. 407.1(5)). The FST Act makes orders final where no appeal is provided (s. 9(4)).
Keeping Your Licence During the Appeal
The FST’s order takes effect immediately, but the FST may grant a stay until the appeal is finally determined (MBLAA, s. 21(6); Insurance Act, s. 407.1(6)). Ask promptly.
Frequently Asked Questions
Is the appeal limited to law?
The MBLAA and Insurance Act licensing provisions do not limit the grounds. Confirm with counsel.
Will FSRA publish the appeal?
FSRA’s enforcement database includes the status of licensing and enforcement outcomes.
Sources
Statutory references are to the provisions listed below, as consolidated on e-Laws when this page was prepared.
- Financial Services Tribunal Act, 2017, s. 9 — Checked November 10, 2026.
- Mortgage Brokerages, Lenders and Administrators Act, 2006, s. 21 — Checked November 10, 2026.
- Insurance Act, s. 407.1 — Checked November 10, 2026.