70. A legal person offering financial products and services acts either as a single-sector firm or a multi-sector firm.
A single-sector firm is a firm that offers products and services in a single sector.
A multi-sector firm is a firm that offers products and services in more than one sector.
A firm is considered to offer products and services in the mortgage brokerage sector if it engages in mortgage brokerage transactions.
1998, c. 37, s. 70; 2018, c. 23, s. 52211.