218(1)A registration granted under the previous Act that was valid and subsisting immediately before the commencement of this section shall be deemed to have been granted under this Act.
218(2)A registration granted and suspended under the previous Act and that continued to be suspended under the previous Act immediately before the commencement of this section shall be deemed to have been granted and suspended under this Act.
218(3)The Executive Director shall determine, in respect of a person whose registration is deemed under subsection (1) or (2) to have been granted under this Act,
(a)
whether the person is registered under this Act as a dealer, as a salesperson, partner or officer of a registered dealer, as an adviser or as a representative, partner or officer of a registered adviser, and
(b)
the person’s category of registration and the person’s subcategory of registration, if any, under the regulations.
218(4)Where the Executive Director makes a determination under subsection (3) in respect of a person, the Executive Director shall notify the person of the determination and that person shall be deemed to be registered under this Act in accordance with the Executive Director’s determination under paragraph (3)(a) and to be registered and classified into the category of registration or the category and subcategory of registration the Executive Director determines under paragraph (3)(b).
218(5)A registration deemed under subsection (1) or (2) to have been granted under this Act is, in addition to the terms and conditions to which it is subject under this Act and the regulations, subject to the terms and conditions to which it was subject immediately before the commencement of this section, which terms and conditions may be varied or revoked by the Executive Director.
218(6)A registration deemed under subsection (1) or (2) to have been granted under this Act expires on the date it would have expired under the previous Act.
218(7)A registration deemed under subsection (1) to have been granted under this Act is valid until it expires or is suspended or cancelled under this Act or the regulations or the Executive Director accepts the voluntary surrender of the registration under this Act or the regulations, whichever occurs first, and may be amended or renewed in accordance with this Act and the regulations.
218(8)A registration deemed under subsection (2) to have been granted and suspended under this Act continues to be suspended for the period for which it would have been suspended under the previous Act, and on reinstatement of the registration in accordance with this Act and the regulations, the registration
(a)
is valid until it expires or is suspended or cancelled under this Act or the regulations or the Executive Director accepts the voluntary surrender of the registration under this Act or the regulations, whichever occurs first, and
(b)
may be amended or renewed in accordance with this Act and the regulations.
218(9)On or after the commencement of this section, any application for registration or renewal of registration commenced under the previous Act shall be dealt with and completed by the Executive Director in accordance with this Act and the regulations.
218(1)A registration granted under the previous Act that was valid and subsisting immediately before the commencement of this section shall be deemed to have been granted under this Act.
218(2)A registration granted and suspended under the previous Act and that continued to be suspended under the previous Act immediately before the commencement of this section shall be deemed to have been granted and suspended under this Act.
218(3)The Executive Director shall determine, in respect of a person whose registration is deemed under subsection (1) or (2) to have been granted under this Act,
(a)
whether the person is registered under this Act as a dealer, as a salesperson, partner or officer of a registered dealer, as an adviser or as a representative, partner or officer of a registered adviser, and
(b)
the person’s category of registration and the person’s subcategory of registration, if any, under the regulations.
218(4)Where the Executive Director makes a determination under subsection (3) in respect of a person, the Executive Director shall notify the person of the determination and that person shall be deemed to be registered under this Act in accordance with the Executive Director’s determination under paragraph (3)(a) and to be registered and classified into the category of registration or the category and subcategory of registration the Executive Director determines under paragraph (3)(b).
218(5)A registration deemed under subsection (1) or (2) to have been granted under this Act is, in addition to the terms and conditions to which it is subject under this Act and the regulations, subject to the terms and conditions to which it was subject immediately before the commencement of this section, which terms and conditions may be varied or revoked by the Executive Director.
218(6)A registration deemed under subsection (1) or (2) to have been granted under this Act expires on the date it would have expired under the previous Act.
218(7)A registration deemed under subsection (1) to have been granted under this Act is valid until it expires or is suspended or cancelled under this Act or the regulations or the Executive Director accepts the voluntary surrender of the registration under this Act or the regulations, whichever occurs first, and may be amended or renewed in accordance with this Act and the regulations.
218(8)A registration deemed under subsection (2) to have been granted and suspended under this Act continues to be suspended for the period for which it would have been suspended under the previous Act, and on reinstatement of the registration in accordance with this Act and the regulations, the registration
(a)
is valid until it expires or is suspended or cancelled under this Act or the regulations or the Executive Director accepts the voluntary surrender of the registration under this Act or the regulations, whichever occurs first, and
(b)
may be amended or renewed in accordance with this Act and the regulations.
218(9)On or after the commencement of this section, any application for registration or renewal of registration commenced under the previous Act shall be dealt with and completed by the Executive Director in accordance with this Act and the regulations.