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R-17.0.1 - Voluntary Retirement Savings Plans Act
Section 117
Disposition versions
117. The following are guilty of an offence and liable to a minimum fine of $5,000 and a maximum fine of $75,000 in the case of a natural person and $200,000 in other cases:
(1) a plan administrator that contravenes an order made under this Act;
(2) a plan administrator that contravenes section 27;
(3) a person who, with the intention of avoiding the application of this Act, destroys, alters, falsifies, secretes or otherwise disposes of a record or a written or other document;
(4) a person who acts as a plan administrator or suggests they are one without holding the authorization required under section 14;
(5) a person who offers a voluntary retirement savings plan that is not registered in compliance with this Act;
(6) a person who in any manner makes a misrepresentation to the Autorité des marchés financiers or Retraite Québec, in the course of activities governed by this Act;
(7) a plan administrator that hinders or attempts to hinder a person acting as required or authorized by this Act; and
(8) a person who contravenes section 44.
In the case of a subsequent conviction, the fines prescribed in this section are doubled.
117. The following are guilty of an offence and liable to a minimum fine of $5,000 and a maximum fine of $75,000 in the case of a natural person and $200,000 in other cases:
(1) a plan administrator that contravenes an order made under this Act;
(2) a plan administrator that contravenes section 27;
(3) a person who, with the intention of avoiding the application of this Act, destroys, alters, falsifies, secretes or otherwise disposes of a record or a written or other document;
(4) a person who acts as a plan administrator or suggests they are one without holding the authorization required under section 14;
(5) a person who offers a voluntary retirement savings plan that is not registered in compliance with this Act;
(6) a person who in any manner makes a misrepresentation to the Autorité des marchés financiers or the Régie, in the course of activities governed by this Act;
(7) a plan administrator that hinders or attempts to hinder a person acting as required or authorized by this Act; and
(8) a person who contravenes section 44.
In the case of a subsequent conviction, the fines prescribed in this section are doubled.
