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

Section 61 Disposition versions

2009-12-04

61. Subject to the applicable legislative provisions, the Authority may, on the conditions it determines, delegate to a recognized organization the exercise of all or part of the functions and powers conferred on it by law.

Such a delegation of functions and powers shall be subject to the approval of the Government, except where it concerns an exchange or clearing house that is subject to section 17 of the Derivatives Act (chapter I-14.01) or where it concerns the carrying on of securities exchange or clearing activities and is made to a legal person, a partnership or any other entity referred to in the second paragraph of section 170 of the Securities Act (chapter V-1.1) that carries on securities exchange or clearing activities.

The Authority’s powers to make regulations, define a policy statement or establish a guideline that are provided for in an Act referred to in section 7 may not, however, be delegated.

2002, c. 45, s. 61; 2004, c. 37, s. 90; 2006, c. 50, s. 114; 2009, c. 58, s. 34.

2006-12-14

61. Subject to the applicable legislative provisions, the Authority may, on the conditions it determines, delegate to a recognized organization the exercise of all or part of the functions and powers conferred on it by law.

Such a delegation of functions and powers shall be subject to the approval of the Government, except where it concerns the carrying on of securities exchange or clearing activities and is made to a legal person, a partnership or any other entity referred to in the second paragraph of section 170 of the Securities Act (chapter V‐1.1) that carries on securities exchange or clearing activities.

The Authority’s powers to make regulations, define a policy statement or establish a guideline that are provided for in an Act referred to in section 7 may not, however, be delegated.

2002, c. 45, s. 61; 2004, c. 37, s. 90; 2006, c. 50, s. 114.

2004-12-17

61. Subject to the applicable legislative provisions, the Authority may, on the conditions it determines, delegate to a recognized organization the exercise of all or part of the functions and powers conferred on it by law.

Such a delegation of functions and powers shall be subject to the approval of the Government, except where it concerns the carrying on of securities trading or clearing activities and is made to a legal person, a partnership or any other entity referred to in the second paragraph of section 170 of the Securities Act (chapter V‐1.1) that carries on securities trading or clearing activities.

The Authority’s powers to make regulations, define a policy statement or establish a guideline that are provided for in an Act referred to in section 7 may not, however, be delegated.

2002, c. 45, s. 61; 2004, c. 37, s. 90.

2004-02-01

61. Subject to the applicable legislative provisions, the Agency may, on the conditions it determines, delegate to a recognized organization the exercise of all or part of the functions and powers conferred on it by law.

Such a delegation of functions and powers shall be subject to the approval of the Government, except where it concerns the carrying on of securities trading or clearing activities and is made to a legal person, a partnership or any other entity referred to in the second paragraph of section 170 of the Securities Act (chapter V‐1.1) that carries on securities trading or clearing activities.

The Agency’s powers to make regulations, define a policy statement or establish a guideline that are provided for in an Act referred to in section 7 may not, however, be delegated.

2002, c. 45, s. 61.