Consolidated Statutes and Regulations
Consolidated Statutes
Consolidated Regulations
Annual Statutes and Regulations
Annual Statutes
Annual Regulations
Additional information
Québec Official Publisher
What’s new?
Information note
Policy of the Minister of Justice
Laws: Amendments
Laws: Provisions not in force
Laws: Provisions brought into force
Annual Statutes: PDF versions since 1996
Regulations: Amendments
Annual Regulations: PDF versions since 1996
Court Decisions
D-9.2 - Act respecting the distribution of financial products and services
Section 485
Disposition versions
485. Unless otherwise specially provided, every person that contravenes a provision of this Act or the regulations is guilty of an offence and is liable to a minimum fine of $2,000 in the case of a natural person and $3,000 in other cases, double the profit realized or one fifth of the sums entrusted to or collected by the person, whichever is the greatest amount. The maximum fine is $150,000 in the case of a natural person and $200,000 in other cases, four times the profit realized or half the sums entrusted to or collected by the person, whichever is the greatest amount.
In the case of an offence under section 468, 469.1 or 469.3, the minimum fine is $5,000 or any other minimum fine determined under the first paragraph, whichever is the greatest amount.
In the case of an offence under section 469.1 or 469.3, the maximum fine is $1,000,000 or any other maximum fine determined under the first paragraph, whichever is the greatest amount.
In the case of a second or subsequent conviction, the minimum and maximum fines are doubled.
485. A natural person convicted of an offence under any of sections 461, 462, 465 to 467 and 469 to 473 is liable to a minimum fine of $1,000, double the profit realized or one fifth of the sums entrusted to or collected by the person, whichever is the greatest amount.
In the case of an offence under section 468, the minimum fine is $5,000.
In all cases, the maximum fine is $50,000, four times the profit realized or half the sums entrusted to or collected by the person, whichever is the greatest amount.
In the case of a second or subsequent conviction, the minimum and maximum fines are doubled.
485. A natural person convicted of an offence under any of sections 461, 462, 465 to 473 and 484 is liable to a fine of not less than $500 and not more than $10,000 and, for every subsequent offence, to a fine of not less than $1,000 and not more than $20,000.
