I-15.1 - Act respecting market intermediaries

Section 201 Disposition versions

1989-07-12

201. The Government may, by regulation, determine

(1)  the fees payable for any formality or measure provided for in this Act or the regulations made thereunder;

(2)  the amount to be paid annually to the Inspector General by each council for the purposes of this Act;

(3)  in which cases and on what conditions a market intermediary dealing in insurance business may be employed by a financial institution other than an insurer;

(4)  the terms and conditions governing the use of the title of financial planner by the holder of a certificate issued by the Inspector General;

(5)  the titles similar to that of financial planner;

(6)  the rules relating to the standardization of the remuneration of market intermediaries in insurance of persons;

(7)  the conditions of issue of certificates by the Inspector General;

(8)  the fees payable for the issue of a certificate by the Inspector General;

(9)  the period of validity of certificates issued by the Inspector General;

(10)  the various classes of certificates that may be issued by the Inspector General and the conditions and restrictions attaching to each class;

(11)  the terms and conditions of issue, renewal, suspension or cancellation of certificates issued by the Inspector General;

(12)  the particulars contained in certificates issued by the Inspector General;

(13)  the rules of discipline applicable to a financial planner who is the holder of a certificate issued by the Inspector General;

(14)  the cases and circumstances in which a security, a guarantee or a civil liability insurance may be required from the holder of a certificate issued by the Inspector General;

(15)  the information and other documents which the holder of a certificate issued by the Inspector General is required to furnish;

(16)  the advertising and representations which the holder of a certificate issued by the Inspector General may make, and the items with which it may deal;

(17)  the rules relating to the protection of personal information obtained by a market intermediary in insurance business or by the holder of a certificate issued by the Inspector General in the course of his activities, and the rules relating to the circulation of information in his possession;

(18)  the terms and conditions on which a person having done business with a market intermediary in insurance business or the holder of a certificate issued by the Inspector General is entitled to have access to and reproduce the documents and information concerning him which are in the possession of the market intermediary or certificate holder;

(19)  the rules relating to the disclosure of the method of remuneration and the keeping of a register of commissions received by the holder of a certificate issued by the Inspector General;

(20)  the terms and conditions applicable to the apportionment or sharing of the commission of the holder of a certificate issued by the Inspector General;

(21)  the nature, form and tenor of the books and registers to be kept by the holder of a certificate issued by the Inspector General;

(22)  the rules relating to the opening and maintenance of a trust account by the holder of a certificate issued by the Inspector General;

(23)  the rules applicable to multidisciplinary firms and firms of financial planners;

(24)  the rules relating to the preservation or to the use and destruction of records, books and registers which the holder of a certificate issued by the Inspector General is required to keep;

(25)  the rules relating to the administration of the compensation fund of financial planners who are holders of a certificate issued by the Inspector General, the terms and conditions of investment of the sums of money which constitute the fund, the conditions applicable to claims filed, the maximum amount of compensation which may be paid according to the nature of the liability coverage of financial planners, and the amounts and terms and conditions of payment of the annual or special contributions which must be paid into the fund;

(26)  the terms and conditions applicable to the franchising of activities carried on by the holder of a certificate issued by the Inspector General.

1989, c. 48, s. 201.