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V-1.1 - Securities Act

Section 264
Disposition versions

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264. The Financial Markets Administrative Tribunal may deny the benefit of an exemption contained in this Act or the regulations where it considers it necessary to do so to protect investors.
In particular, the Financial Markets Administrative Tribunal may deny the benefit of an exemption to any person who has
(1)  made improper use of such an exemption;
(2)  contravened this Act or the regulations;
(3)  contravened any other provision regarding securities;
(4)  contravened the rules of a recognized stock exchange.
1982, c. 48, s. 264; 2002, c. 45, s. 696; 2009, c. 58, s. 117; 2016, c. 7, s. 179.
264. The Bureau de décision et de révision may deny the benefit of an exemption contained in this Act or the regulations where it considers it necessary to do so to protect investors.
In particular, the Bureau de décision et de révision may deny the benefit of an exemption to any person who has
(1)  made improper use of such an exemption;
(2)  contravened this Act or the regulations;
(3)  contravened any other provision regarding securities;
(4)  contravened the rules of a recognized stock exchange.
1982, c. 48, s. 264; 2002, c. 45, s. 696; 2009, c. 58, s. 117.
264. The Bureau de décision et de révision en valeurs mobilières may deny the benefit of an exemption contained in this Act or the regulations where it considers it necessary to do so to protect investors.
In particular, the Bureau de décision et de révision en valeurs mobilières may deny the benefit of an exemption to any person who has
(1)  made improper use of such an exemption;
(2)  contravened this Act or the regulations;
(3)  contravened any other provision regarding securities;
(4)  contravened the rules of a recognized stock exchange.
1982, c. 48, s. 264; 2002, c. 45, s. 696.
264. The Commission may deny the benefit of an exemption contained in this Act or the regulations where it considers it necessary to do so to protect investors.
In particular, the Commission may deny the benefit of an exemption to any person who has
(1)  made improper use of such an exemption;
(2)  contravened this Act or the regulations;
(3)  contravened any other provision regarding securities;
(4)  contravened the rules of a recognized stock exchange.
1982, c. 48, s. 264.
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