V-1.1 - Securities Act

Section 201 Disposition versions

2009-09-28

201. (Repealed).

1982, c. 48, s. 201; 2006, c. 50, s. 63, s. 111; 2009, c. 25, s. 38.

2006-12-14

201. An adviser who is a portfolio manager is guilty of an offence if, in carrying out his mandate, he knowingly participates in any of the following transactions:

(1)  the making of a loan or a guarantee to an issuer in which a person referred to in section 191 or an associate of that person is an officer or director, except with the written authorization of the client for whom the portfolio is managed given with full knowledge of the facts;

(2)  the purchase of securities from an issuer referred to in paragraph 1, except with the written authorization of the client for whom the portfolio is managed given with full knowledge of the facts;

(3)  a securities transaction with a person referred to in section 191 or an associate of that person;

(4)  the making of a loan or a guarantee to a person referred to in section 191 or an associate of that person.

1982, c. 48, s. 201; 2006, c. 50, s. 63, s. 111.

1999-04-01

201. An adviser who is a portfolio manager is guilty of an offence if, in carrying out his mandate, he knowingly participates in any of the following transactions:

(1)  the making of a loan or a guarantee to an issuer in which a person referred to in section 191 or an associate of that person is a senior executive, except with the written authorization of the client for whom the portfolio is managed given with full knowledge of the facts;

(2)  the purchase of securities from an issuer referred to in paragraph 1, except with the written authorization of the client for whom the portfolio is managed given with full knowledge of the facts;

(3)  a securities transaction with a person referred to in section 191 or an associate of that person;

(4)  the making of a loan or a guarantee to a person referred to in section 191 or an associate of that person.

1982, c. 48, s. 201.