Requirement to notify Director
2013, c.31, s.33
15(1)An agent shall notify the Director without delay in writing of the following:
(a)
that a manager who holds a licence under this Act is no longer actively and directly involved in the management of the business of the agent;
(b)
a change in officials;
(c)
a change in the partners in the case of a partnership;
(d)
the commencement and termination of employment of a salesperson and, if a salesperson is discharged because of misconduct or an allegation of misconduct, details of the relevant circumstances;
(e)
a conviction against the agent of an offence involving fraud, theft or misrepresentation or conspiracy to commit an offence involving fraud, theft or misrepresentation under the
Criminal Code (Canada) or the
Competition Act (Canada);
(f)
a judgment or default judgment against the agent based on or involving a finding or allegation of misrepresentation, negligence or fraud;
(g)
proceedings taken against the agent under the
Bankruptcy and Insolvency Act (Canada); and
(h)
a conviction referred to in paragraph (2)(
a), a judgment or default judgment referred to in paragraph (2)(
b) or proceedings referred to in paragraph (2)(
c) against a salesperson of the agent of which the agent has knowledge.
15(2)A salesperson, manager or official of an agent and, in the case of a corporate manager or salesperson, its nominee, shall notify the Director without delay in writing of the following:
(a)
a conviction against the salesperson, manager, official or nominee of an offence involving fraud, theft or misrepresentation or conspiracy to commit an offence involving fraud, theft or misrepresentation under the
Criminal Code (Canada) or the
Competition Act (Canada);
(b)
a judgment or default judgment against the salesperson, manager, official or nominee based on or involving a finding or allegation of misrepresentation, negligence or fraud; and
(c)
proceedings taken against the salesperson, manager, official or nominee under the
Bankruptcy and Insolvency Act (Canada).
R.S.1973, c.R-1, s.9; 1983, c.75, s.10; 1986, c.67, s.10; 1995, c.31, s.4; 2013, c.31, s.33