Regulator to announce succession plan in coming days
The Financial Services Regulatory Authority of Ontario (FSRA) has announced that Huston Loke (pictured), its inaugural executive vice president of market conduct, will leave the organization effective July 31st.
Loke was FSRA’s first executive vice president overseeing market conduct. He played a key role in developing regulatory strategies across mortgage brokering, insurance conduct, and title protection. During his tenure, he helped lead key modernization initiatives and improve stakeholder engagement both within Ontario and at the national level.
As chair of the Canadian Council of Insurance Regulators from 2023 to 2025, Loke advanced interprovincial collaboration focused on consumer protection, FSRA noted in its announcement.
He was also at the forefront of recent proposals to enhance advertising standards in the mortgage brokering sector. FSRA’s draft guidance, introduced earlier this year, aims to minimize consumer confusion by requiring that advertisements using team names clearly disclose the authorizing brokerage’s name and license number.
“Often, mortgage agents and brokers use team names within a brokerage to advertise their services,” Loke said at the time. “We expect these practices to be consistent, clear and transparent. It's crucial for FSRA to receive feedback on whether the proposed guidance will achieve the desired outcomes of providing clarity and accountability for consumers.”
Before joining FSRA, Loke held senior roles in Canada’s financial regulatory space. He served more than six years as director of corporate finance at the Ontario Securities Commission. Prior to that, he worked as an advisor to the chief risk officer at the Canada Mortgage and Housing Corporation (CMHC) and held leadership positions for nearly 17 years at DBRS, including roles as president, co-president, and group managing director.
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FSRA said a transition plan for Loke’s departure will be released in the coming days.
“We thank Huston for his service and many contributions to FSRA and the sectors we regulate,” the regulator said in a statement.
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