V-1.1 - Securities Act

Section 262.1 Disposition versions

2016-07-18

262.1. Following a failure to comply with a requirement under securities legislation, the Authority may request the Financial Markets Administrative Tribunal to issue one or more of the following orders against any person in order to remedy the situation or to deprive a person of the profit realized as a result of the non-compliance:

(1)  an order requiring the person to comply with

(a)  any provision of this Act or the regulations or any other Act or regulation governing securities;

(b)  any decision of the Authority under this Act or the regulations;

(c)  any regulation, rule or policy of a self-regulating organization or securities exchange, or any decision or order rendered by the Tribunal on the basis of such a regulation, rule or policy;

(2)  an order requiring the person to submit to a review by the Authority of the person’s practices and procedures and to institute such changes as may be directed by the Authority;

(3)  an order rescinding any transaction entered into by the person relating to trading in securities, and directing the person to repay to a security holder any part of the money paid by the security holder for securities;

(4)  an order requiring the person to issue, purchase, exchange or dispose of securities;

(5)  an order prohibiting the voting or exercise of any other right attaching to securities by the person;

(6)  an order requiring the person to produce financial statements in the form required by securities legislation, or an accounting in such other form as may be determined by the Tribunal;

(7)  an order directing the person to hold a shareholders’ meeting;

(8)  an order directing rectification of the registers or other records of the person;

(9)  an order requiring the person to disgorge to the Authority amounts obtained as a result of the non-compliance.

2008, c. 7, s. 159; 2009, c. 58, s. 115; 2016, c. 7, s. 179.

2009-12-04

262.1. Following a failure to comply with a requirement under securities legislation, the Authority may request the Bureau de décision et de révision to issue one or more of the following orders against any person in order to remedy the situation or to deprive a person of the profit realized as a result of the non-compliance:

(1)  an order requiring the person to comply with

(a)  any provision of this Act or the regulations or any other Act or regulation governing securities;

(b)  any decision of the Authority under this Act or the regulations;

(c)  any regulation, rule or policy of a self-regulating organization or securities exchange, or any decision or order rendered by the Bureau on the basis of such a regulation, rule or policy;

(2)  an order requiring the person to submit to a review by the Authority of the person’s practices and procedures and to institute such changes as may be directed by the Authority;

(3)  an order rescinding any transaction entered into by the person relating to trading in securities, and directing the person to repay to a security holder any part of the money paid by the security holder for securities;

(4)  an order requiring the person to issue, purchase, exchange or dispose of securities;

(5)  an order prohibiting the voting or exercise of any other right attaching to securities by the person;

(6)  an order requiring the person to produce financial statements in the form required by securities legislation, or an accounting in such other form as may be determined by the Bureau;

(7)  an order directing the person to hold a shareholders’ meeting;

(8)  an order directing rectification of the registers or other records of the person;

(9)  an order requiring the person to disgorge to the Authority amounts obtained as a result of the non-compliance.

2008, c. 7, s. 159; 2009, c. 58, s. 115.

2008-05-28

262.1. Following a failure to comply with a requirement under securities legislation, the Authority may request the Bureau de décision et de révision en valeurs mobilières to issue one or more of the following orders against any person in order to remedy the situation or to deprive a person of the profit realized as a result of the non-compliance:

(1)  an order requiring the person to comply with

(a)  any provision of this Act or the regulations or any other Act or regulation governing securities;

(b)  any decision of the Authority under this Act or the regulations;

(c)  any regulation, rule or policy of a self-regulating organization or securities exchange, or any decision or order rendered by the Bureau on the basis of such a regulation, rule or policy;

(2)  an order requiring the person to submit to a review by the Authority of the person’s practices and procedures and to institute such changes as may be directed by the Authority;

(3)  an order rescinding any transaction entered into by the person relating to trading in securities, and directing the person to repay to a security holder any part of the money paid by the security holder for securities;

(4)  an order requiring the person to issue, purchase, exchange or dispose of securities;

(5)  an order prohibiting the voting or exercise of any other right attaching to securities by the person;

(6)  an order requiring the person to produce financial statements in the form required by securities legislation, or an accounting in such other form as may be determined by the Bureau;

(7)  an order directing the person to hold a shareholders’ meeting;

(8)  an order directing rectification of the registers or other records of the person;

(9)  an order requiring the person to disgorge to the Authority amounts obtained as a result of the non-compliance.

2008, c. 7, s. 159.