I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 46.2 Disposition versions

2019-06-13

46.2. Anyone who

(1)  contravenes section 45.2 or 45.3,

(2)  solicits or receives deposits of money from the public without being authorized to carry on deposit institution activities,

(3)  provides a document or information that they know is false or inaccurate, or access to such a document or information, to the Minister or the Authority, a member of the Minister’s or Authority’s staff or a person appointed by the Minister or Authority in the course of activities governed by this Act, or

(4)  hinders or attempts to hinder, in any manner, the exercise of a function by a member of the Autority’s staff or by a person appointed by the Authority for the purposes of this Act,

commits an offence and is liable to a fine of $5,000 to $50,000 in the case of a natural person and $15,000 to $150,000 in any other case.

2018, c. 23, s. 385.