Acts and Regulations

S-5.5 - Securities Act

Section 16
Disposition versions

Full text
Delegation of powers and duties of Executive Director
16(1)The Executive Director may in writing delegate his or her powers or duties under this Act or the regulations to an employee of the Commission.
16(2)The Executive Director may, in a written delegation under subsection (1),
(a) impose on the delegate terms and conditions that the Executive Director considers appropriate, and
(b) authorize the delegate to subdelegate in writing the powers or duties to an employee of the Commission and to impose on the subdelegate any terms and conditions that the delegate considers appropriate, in addition to those imposed in the Executive Director’s written delegation.
16(3)A delegate or subdelegate to whom this section applies shall comply with any terms and conditions imposed in the Executive Director’s written delegation.
16(4)A subdelegate to whom this section applies shall comply with any terms and conditions imposed on the subdelegate by the delegate.
16(5)Repealed: 2013, c.31, s.36
16(6)Repealed: 2013, c.31, s.36
16(7)A decision, ruling, order, temporary order or direction made by a person under a written delegation or subdelegation made under this section shall be deemed to be a decision, ruling, order, temporary order or direction of the Executive Director.
2007, c.38, s.11; 2013, c.31, s.36
Delegation of powers and duties of Executive Director
16(1)The Executive Director may in writing delegate his or her powers or duties under this Act or the regulations to an employee of the Commission.
16(2)The Executive Director may, in a written delegation under subsection (1),
(a) impose on the delegate terms and conditions that the Executive Director considers appropriate, and
(b) authorize the delegate to subdelegate in writing the powers or duties to an employee of the Commission and to impose on the subdelegate any terms and conditions that the delegate considers appropriate, in addition to those imposed in the Executive Director’s written delegation.
16(3)A delegate or subdelegate to whom this section applies shall comply with any terms and conditions imposed in the Executive Director’s written delegation.
16(4)A subdelegate to whom this section applies shall comply with any terms and conditions imposed on the subdelegate by the delegate.
16(5)The Executive Director may revoke, in whole or in part, a written delegation made under subsection (1).
16(6)An employee of the Commission who subdelegates a power or duty as authorized in a written delegation made under subsection (1) may revoke, in whole or in part, the subdelegation.
16(7)A decision, ruling, order, temporary order or direction made by a person under a written delegation or subdelegation made under this section shall be deemed to be a decision, ruling, order, temporary order or direction of the Executive Director.
2007, c.38, s.11
Delegation of powers and duties of Executive Director
16(1)The Executive Director may delegate his or her powers and duties under this Act or the regulations to an employee of the Commission other than the powers and duties delegated to the Executive Director under subsection 24(1).
16(2)The Executive Director may impose such terms and conditions as he or she considers appropriate on a delegation made under subsection (1).
16(3)The Executive Director may revoke, in whole or in part, a delegation made under subsection (1).
16(4)A decision, ruling, order, temporary order or direction made by a person under a delegation made by the Executive Director under subsection (1) shall be deemed to be a decision, ruling, order, temporary order or direction of the Executive Director.