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E-6.1 - Act respecting the regulation of the financial sector

Section 90
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90. The Authority must, before making a decision or an order under section 76, 77, 80 or 89, give the organization concerned notice in writing of its intentions indicating the grounds on which it is based, the date on which the order is to take effect and the right of the organization to present observations or produce documents to complete the file.
However, the Authority may, without prior notice, make a decision or a provisional order valid for a period not exceeding 15 days if the Authority is of the opinion that there is urgency or that any period of time granted to the organization concerned to present observations may be detrimental.
The decision or order must state the reasons on which it is based and becomes effective on the day it is served on the organization to which it applies. That organization may, within six days of receiving the decision or order, present observations to the Authority.
The Authority may revoke a decision or order made under those sections.
2002, c. 45, s. 90; 2004, c. 37, s. 90.
90. The Agency must, before making a decision or an order under section 76, 77, 80 or 89, give the organization concerned notice in writing of its intentions indicating the grounds on which it is based, the date on which the order is to take effect and the right of the organization to present observations or produce documents to complete the file.
However, the Agency may, without prior notice, make a decision or a provisional order valid for a period not exceeding 15 days if the Agency is of the opinion that there is urgency or that any period of time granted to the organization concerned to present observations may be detrimental.
The decision or order must state the reasons on which it is based and becomes effective on the day it is served on the organization to which it applies. That organization may, within six days of receiving the decision or order, present observations to the Agency.
The Agency may revoke a decision or order made under those sections.
2002, c. 45, s. 90.
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