Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances

Section 75.3 Disposition versions

2014-10-22

75.3. A person who contravenes section 28, 29, 30 or 31 or who directly or indirectly engages or participates in any transaction, series of transactions or trading method relating to an emission allowance, or in any act, practice or course of conduct is guilty of an offence if the person knows, or ought reasonably to know, that the transaction, series of transactions, trading method, act, practice or course of conduct

(1)  creates or contributes to create a misleading appearance of trading activity in, or an artificial price for, an emission allowance; or

(2)  perpetrates a fraud on any person.

A person referred to in the first paragraph is liable,

(1)  in the case of a natural person, to a fine of $10,000 to 500,000 or, despite article 231 of the Code of Penal Procedure (chapter C-25.1), to imprisonment for a maximum term of 18 months; and

(2)  in other cases, to a fine of $40,000 to $3,000,000.

O.C. 1184-2012, s. 47; O.C. 902-2014, s. 63.

2012-12-19

75.3. A person who directly or indirectly engages or participates in any transaction, series of transactions or trading method relating to an emission allowance, or in any act, practice or course of conduct is guilty of an offence if the person knows, or ought reasonably to know, that the transaction, series of transactions, trading method, act, practice or course of conduct

(1)  creates or contributes to create a misleading appearance of trading activity in, or an artificial price for, an emission allowance; or

(2)  perpetrates a fraud on any person.

A person referred to in the first paragraph is liable,

(1)  in the case of a natural person, to a fine of $10,000 to 500,000 or, despite article 231 of the Code of Penal Procedure (chapter C-25.1), to imprisonment for a maximum term of 18 months; and

(2)  in other cases, to a fine of $40,000 to $3,000,000.

O.C. 1184-2012, s. 47.