Acts and Regulations

S-5.5 - Securities Act

Section 214
Disposition versions

Full text
Decisions
214(1)Subject to subsections (2) and (3), any decision, ruling, order, determination or direction of the Administrator or Deputy Administrator whose appointment is revoked under section 213 that was valid and of full force and effect immediately before the commencement of this section
(a) subject to paragraph (c), continues to be valid and of full force and effect, notwithstanding the revocation of the appointment under section 213,
(b) shall be deemed to be the decision, ruling, order, determination or direction of the Commission,
(c) may be varied or revoked by the Commission, and
(d) may be enforced in the same manner as a decision made by the Commission pursuant to this Act.
214(2)An exemption order of the Administrator or Deputy Administrator whose appointment is revoked under section 213 exempting a person from the requirement to be registered under the previous Act in respect of trades or securities that was valid and of full force and effect immediately before the commencement of this section
(a) subject to paragraphs (b), (c) and (e), continues to be valid and of full force and effect, notwithstanding the revocation of the appointment under section 213,
(b) shall be deemed to be an order of the Commission exempting the person from the requirement to be registered under this Act in respect of the trades or securities,
(c) may be varied or revoked by the Commission,
(d) may be enforced in the same manner as a decision made by the Commission pursuant to this Act, and
(e) if not previously revoked by the Commission under paragraph (c), is revoked one year following the commencement of this section.
214(3)An exemption order of the Administrator or Deputy Administrator whose appointment is revoked under section 213 exempting securities from the provisions of section 13 of the previous Act that was valid and of full force and effect immediately before the commencement of this section
(a) subject to paragraphs (b), (c) and (e), continues to be valid and of full force and effect, notwithstanding the revocation of the appointment under section 213,
(b) shall be deemed to be an order of the Commission exempting the securities from section 71,
(c) may be varied or revoked by the Commission,
(d) may be enforced in the same manner as a decision made by the Commission pursuant to this Act, and
(e) if not previously revoked by the Commission under paragraph (c), is revoked one year following the commencement of this section.
Decisions
214(1)Subject to subsections (2) and (3), any decision, ruling, order, determination or direction of the Administrator or Deputy Administrator whose appointment is revoked under section 213 that was valid and of full force and effect immediately before the commencement of this section
(a) subject to paragraph (c), continues to be valid and of full force and effect, notwithstanding the revocation of the appointment under section 213,
(b) shall be deemed to be the decision, ruling, order, determination or direction of the Commission,
(c) may be varied or revoked by the Commission, and
(d) may be enforced in the same manner as a decision made by the Commission pursuant to this Act.
214(2)An exemption order of the Administrator or Deputy Administrator whose appointment is revoked under section 213 exempting a person from the requirement to be registered under the previous Act in respect of trades or securities that was valid and of full force and effect immediately before the commencement of this section
(a) subject to paragraphs (b), (c) and (e), continues to be valid and of full force and effect, notwithstanding the revocation of the appointment under section 213,
(b) shall be deemed to be an order of the Commission exempting the person from the requirement to be registered under this Act in respect of the trades or securities,
(c) may be varied or revoked by the Commission,
(d) may be enforced in the same manner as a decision made by the Commission pursuant to this Act, and
(e) if not previously revoked by the Commission under paragraph (c), is revoked one year following the commencement of this section.
214(3)An exemption order of the Administrator or Deputy Administrator whose appointment is revoked under section 213 exempting securities from the provisions of section 13 of the previous Act that was valid and of full force and effect immediately before the commencement of this section
(a) subject to paragraphs (b), (c) and (e), continues to be valid and of full force and effect, notwithstanding the revocation of the appointment under section 213,
(b) shall be deemed to be an order of the Commission exempting the securities from section 71,
(c) may be varied or revoked by the Commission,
(d) may be enforced in the same manner as a decision made by the Commission pursuant to this Act, and
(e) if not previously revoked by the Commission under paragraph (c), is revoked one year following the commencement of this section.