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

Section 68
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68. The Authority shall grant recognition to a legal person, a partnership or an entity if it considers that the legal person, partnership or entity has the administrative structure and the financial resources and other resources necessary to carry on its activities in an objective, fair and efficient manner.
Before granting recognition to a legal person, a partnership or an entity, the Authority must
(1)  ascertain that its constituting documents, by-laws and operating rules comply with sections 69 and 70; and
(2)  make sure that the provisions applicable to its members or subscribers will ensure its compliance with sections 70.1 and 71.
2002, c. 45, s. 68; 2004, c. 37, s. 90; 2013, c. 18, s. 9; 2018, c. 23, s. 623.
68. The Authority shall grant recognition to a legal person, a partnership or an entity if it considers that the legal person, partnership or entity has the administrative structure and the financial resources and other resources necessary to exercise its functions and powers in an objective, fair and efficient manner.
Before granting recognition to a legal person, a partnership or an entity, the Authority must
(1)  ascertain that its constituting documents, by-laws and operating rules comply with sections 69 and 70; and
(2)  make sure that the provisions applicable to its members or subscribers will ensure its compliance with sections 70.1 and 71.
2002, c. 45, s. 68; 2004, c. 37, s. 90; 2013, c. 18, s. 9.
68. The Authority shall, after having ascertained that the constituting documents, by-laws and operating rules of the legal person, partnership or entity are in compliance with sections 69 and 70, grant recognition where it considers that the legal person, partnership or entity has the administrative structure and the financial and other resources necessary to exercise its functions and powers in an objective, fair and efficient manner.
The Authority must also ensure that the legal person, partnership or entity has the possibility of exercising its functions and powers without the risk of conflict of interest.
2002, c. 45, s. 68; 2004, c. 37, s. 90.
68. The Agency shall, after having ascertained that the constituting documents, by-laws and operating rules of the legal person, partnership or entity are in compliance with sections 69 and 70, grant recognition where it considers that the legal person, partnership or entity has the administrative structure and the financial and other resources necessary to exercise its functions and powers in an objective, fair and efficient manner.
The Agency must also ensure that the legal person, partnership or entity has the possibility of exercising its functions and powers without the risk of conflict of interest.
2002, c. 45, s. 68.
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