Acts and Regulations

S-5.5 - Securities Act

Full text
Review of decision
193(1)Within 30 days after the date of a decision of the Executive Director, a person directly affected by the decision may request, and is entitled to, a hearing and review of the decision by the Tribunal.
193(1.1)Despite subsection (1), the Tribunal may extend the period under subsection (1), before or after the expiration of the time, if it is satisfied that there are reasonable grounds for an extension.
193(2)On application by the Commission, the Tribunal may review a decision of the Executive Director.
193(3)If the Commission intends to make an application under subsection (2), within 30 days after the date of the Executive Director’s decision, it shall notify the Executive Director and any person directly affected by that decision of its intention to make the application.
193(4)The Executive Director or his or her designate is a party to a hearing and review under this section of a decision of the Executive Director.
193(5)An exchange, a self-regulatory organization, a quotation and trade reporting system, a clearing agency, a trade repository, a derivatives trading facility or an auditor oversight body is a party to a hearing and review under this section of its decision, ruling, order or direction.
193(6)The Tribunal may by order confirm, vary or rescind the whole or any part of the decision under review or make such other decision as the Tribunal considers proper.
193(7)Notwithstanding the fact that a hearing and review is held under this section, the decision under review takes effect immediately, but the Tribunal may grant a stay of the decision until disposition of the hearing and review.
2011, c.43, s.37; 2013, c.31, s.36; 2013, c.43, s.37; 2017, c.48, s.15
Review of decision
193(1)A person directly affected by a decision of the Executive Director may request, and is entitled to, a hearing and review by the Tribunal of the decision.
193(2)On application by the Commission, the Tribunal may review a decision of the Executive Director.
193(3)If the Commission intends to make an application under subsection (2), within 30 days after the date of the Executive Director’s decision, it shall notify the Executive Director and any person directly affected by that decision of its intention to make the application.
193(4)The Executive Director or his or her designate is a party to a hearing and review under this section of a decision of the Executive Director.
193(5)An exchange, a self-regulatory organization, a quotation and trade reporting system, a clearing agency, a trade repository, a derivatives trading facility or an auditor oversight body is a party to a hearing and review under this section of its decision, ruling, order or direction.
193(6)The Tribunal may by order confirm, vary or rescind the whole or any part of the decision under review or make such other decision as the Tribunal considers proper.
193(7)Notwithstanding the fact that a hearing and review is held under this section, the decision under review takes effect immediately, but the Tribunal may grant a stay of the decision until disposition of the hearing and review.
2011, c.43, s.37; 2013, c.31, s.36; 2013, c.43, s.37
Review of decision
193(1)A person directly affected by a decision of the Executive Director may request, and is entitled to, a hearing and review by the Tribunal of the decision.
193(2)On application by the Commission, the Tribunal may review a decision of the Executive Director.
193(3)If the Commission intends to make an application under subsection (2), within 30 days after the date of the Executive Director’s decision, it shall notify the Executive Director and any person directly affected by that decision of its intention to make the application.
193(4)The Executive Director is a party to a hearing and review under this section of a decision of the Executive Director.
193(5)An exchange, a self-regulatory organization, a quotation and trade reporting system, a clearing agency or an auditor oversight body is a party to a hearing and review under this section of its decision, ruling, order or direction.
193(6)The Tribunal may by order confirm, vary or rescind the whole or any part of the decision under review or make such other decision as the Tribunal considers proper.
193(7)Notwithstanding the fact that a hearing and review is held under this section, the decision under review takes effect immediately, but the Tribunal may grant a stay of the decision until disposition of the hearing and review.
2011, c.43, s.37; 2013, c.31, s.36
Review of decision
193(1)Any person directly affected by a decision of the Executive Director may, by notice in writing sent by registered mail to or personally served on the Commission within 30 days after the date of the decision, request and be entitled to a hearing and review by the Commission of the decision.
193(2)The Commission may on its own motion review any decision of the Executive Director.
193(3)If the Commission intends to review a decision of the Executive Director under subsection (2), it shall, within 30 days after the date of the decision, notify the Executive Director and any person directly affected by the decision of the Executive Director of its intention to convene a hearing to review the decision.
193(4)The Executive Director is a party to a hearing and review under this section of a decision of the Executive Director.
193(5)An exchange, a self-regulatory organization, a quotation and trade reporting system, a clearing agency or an auditor oversight body is a party to a hearing and review under this section of its decision, ruling, order or direction.
193(6)The Commission may by order confirm, vary or rescind the whole or any part of the decision under review or make such other decision as the Commission considers proper.
193(7)Notwithstanding the fact that a hearing and review is held under this section, the decision under review takes effect immediately, but the Commission may grant a stay of the decision until disposition of the hearing and review.
2011, c.43, s.37
Review of decision
193(1)Any person directly affected by a decision of the Executive Director may, by notice in writing sent by registered mail to or personally served on the Commission within 30 days after the date of the decision, request and be entitled to a hearing and review by the Commission of the decision.
193(2)The Commission may on its own motion review any decision of the Executive Director.
193(3)If the Commission intends to review a decision of the Executive Director under subsection (2), it shall, within 30 days after the date of the decision, notify the Executive Director and any person directly affected by the decision of the Executive Director of its intention to convene a hearing to review the decision.
193(4)The Executive Director is a party to a hearing and review under this section of a decision of the Executive Director.
193(5)An exchange, a self-regulatory organization, a quotation and trade reporting system or a clearing agency is a party to a hearing and review under this section of its decision, ruling, order or direction.
193(6)The Commission may by order confirm, vary or rescind the whole or any part of the decision under review or make such other decision as the Commission considers proper.
193(7)Notwithstanding the fact that a hearing and review is held under this section, the decision under review takes effect immediately, but the Commission may grant a stay of the decision until disposition of the hearing and review.