I-14.01 - Derivatives Act

Section 105 Disposition versions

2011-11-30

105. Before making a decision or issuing an order under any of sections 49 to 52, the Authority must give the recognized regulated entity prior 15 days’ notice of the proposed decision or order, of the grounds on which it is based and of its effective date, and give the entity an opportunity to make representations or produce documents.

However, the Authority may, without prior notice, make a provisional decision or issue a provisional order, valid for a period of not more than 15 days, if it is of the opinion that there is an emergency or that any time given to the entity to make representations or produce documents may be prejudicial.

A decision or order must include reasons and becomes effective on its service on the entity. The entity may, within six days after receiving the decision, make representations to the Authority or produce documents.

The Authority may revoke a decision or order made under any of those sections.

2008, c. 24, s. 105; 2011, c. 26, s. 47.

2009-02-01

105. Before making a decision or issuing an order under any of sections 49 to 52, the Authority must give the recognized regulated entity prior notice of the proposed decision or order, of the grounds on which it is based and of its effective date, and give the entity an opportunity to make representations or produce documents.

However, the Authority may, without prior notice, make a provisional decision or issue a provisional order, valid for a period of not more than 15 days, if it is of the opinion that there is an emergency or that any time given to the entity to make representations or produce documents may be prejudicial.

A decision or order must include reasons and becomes effective on its service on the entity. The entity may, within six days after receiving the decision, make representations to the Authority or produce documents.

The Authority may revoke a decision or order made under any of those sections.

2008, c. 24, s. 105.