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I-14.01 - Derivatives Act

Section 32
Disposition versions

Full text
32. Before making a decision that adversely affects the rights of a person, a recognized regulated entity must give the person an opportunity to make representations.
However, the entity may, without prior notice, make a provisional decision or 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 person to make representations may be prejudicial.
A decision or order must include reasons and becomes effective on its service on the person. The person may make representations to the entity within six days after receiving the decision or order.
The entity may revoke a decision or order made under this section.
2008, c. 24, s. 32.
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