Acts and Regulations

S-5.5 - Securities Act

Section 216
Disposition versions

Full text
Proceedings
216(1)On or after the commencement of this section, any proceeding, hearing, matter or thing, other than an examination or investigation, commenced under the previous Act by the Administrator or Deputy Administrator whose appointment is revoked under section 213, or any application for an exemption order commenced under the previous Act, that would be dealt with by the Commission or the Executive Director, if commenced on or after the commencement of this section, may be dealt with and completed in accordance with this Act and the regulations by the Commission or the Executive Director, as the case may be.
216(2)Notwithstanding subsection (1) and sections 213 and 214, the Chair may authorize the Administrator or the Deputy Administrator to deal with and complete any proceeding, hearing, matter or thing, other than an examination or investigation, commenced by him or her before the commencement of this section.
216(3)Any proceeding, hearing, matter or thing dealt with and completed by the Administrator or Deputy Administrator under subsection (2) shall be dealt with and completed in accordance with the law as it existed immediately before the commencement of this section and as if the appointments of the Administrator and Deputy Administrator had not been revoked.
216(4)Any decision, ruling, order, determination or direction of the Administrator or the Deputy Administrator made in accordance with subsection (2)
(a) shall be deemed to be the decision, ruling, order, determination or direction of the Commission,
(b) may be varied or revoked by the Commission, and
(c) may be enforced in the same manner as a decision made by the Commission pursuant to this Act.
Proceedings
216(1)On or after the commencement of this section, any proceeding, hearing, matter or thing, other than an examination or investigation, commenced under the previous Act by the Administrator or Deputy Administrator whose appointment is revoked under section 213, or any application for an exemption order commenced under the previous Act, that would be dealt with by the Commission or the Executive Director, if commenced on or after the commencement of this section, may be dealt with and completed in accordance with this Act and the regulations by the Commission or the Executive Director, as the case may be.
216(2)Notwithstanding subsection (1) and sections 213 and 214, the Chair may authorize the Administrator or the Deputy Administrator to deal with and complete any proceeding, hearing, matter or thing, other than an examination or investigation, commenced by him or her before the commencement of this section.
216(3)Any proceeding, hearing, matter or thing dealt with and completed by the Administrator or Deputy Administrator under subsection (2) shall be dealt with and completed in accordance with the law as it existed immediately before the commencement of this section and as if the appointments of the Administrator and Deputy Administrator had not been revoked.
216(4)Any decision, ruling, order, determination or direction of the Administrator or the Deputy Administrator made in accordance with subsection (2)
(a) shall be deemed to be the decision, ruling, order, determination or direction of the Commission,
(b) may be varied or revoked by the Commission, and
(c) may be enforced in the same manner as a decision made by the Commission pursuant to this Act.