Acts and Regulations

S-5.5 - Securities Act

Full text
Hearing panels of the Commission
2007, c.38, s.16
23.1(1)The Chair of the Commission may assign two or more persons from among the members of the Commission to sit as members of a hearing panel of the Commission and may direct the hearing panel to conduct a hearing that the Commission itself could conduct under this Act or the regulations.
23.1(2)Two members of a hearing panel of the Commission constitute a quorum at a hearing conducted by the hearing panel.
23.1(3)A decision, ruling, order, temporary order or direction made by a hearing panel of the Commission, or any action taken by a hearing panel of the Commission, at a sitting of a hearing panel shall be deemed to be a decision, ruling, order, temporary order or direction of the Commission or action of the Commission, as the case may be.
23.1(4)A hearing panel of the Commission has, with respect to its duties, the same jurisdiction as that of the Commission and may exercise all the powers of the Commission under this Act or the regulations with respect to a hearing that the hearing panel is directed to conduct, and, for that purpose, any reference in this Act or the regulations to the Commission is deemed to be a reference to a hearing panel of the Commission.
23.1(5)The Chair of the Commission may designate a member of a hearing panel of the Commission to preside at any sitting of the hearing panel.
23.1(6)Two or more hearing panels of the Commission may be constituted and may act simultaneously.
23.1(7)A hearing panel of the Commission shall conduct its sittings separately from those of another hearing panel of the Commission being conducted at the same time.
23.1(8)When a hearing is being conducted by a hearing panel of the Commission and a member of the hearing panel is unable to complete the hearing for any reason, the remaining members, if they constitute a quorum of the hearing panel, may complete the hearing.
2007, c.38, s.16; 2013, c.31, s.36
Hearing panels of the Commission
2007, c.38, s.16
23.1(1)The Chair may assign 2 or more persons from among the members of the Commission and supplementary members of the Commission to sit as members of a hearing panel of the Commission and may direct the hearing panel to conduct any hearing or review that the Commission itself could conduct under this Act or the regulations.
23.1(2)Two members of a hearing panel of the Commission constitute a quorum at a hearing or review conducted by the hearing panel.
23.1(3)A decision, ruling, order, temporary order or direction made by a hearing panel of the Commission, or any action taken by a hearing panel of the Commission, at a sitting of a hearing panel shall be deemed to be a decision, ruling, order, temporary order or direction of the Commission or action of the Commission, as the case may be.
23.1(4)A hearing panel of the Commission has, with respect to its duties, the same jurisdiction as that of the Commission and may exercise all the powers of the Commission under this Act or the regulations with respect to a hearing or review that the hearing panel is directed to conduct, and, for that purpose, any reference in this Act or the regulations to the Commission is deemed to be a reference to a hearing panel of the Commission.
23.1(5)The Chair may designate a member of a hearing panel of the Commission to preside at any sitting of the hearing panel.
23.1(6)Two or more hearing panels of the Commission may be constituted and may act simultaneously.
23.1(7)A hearing panel of the Commission shall conduct its sittings separately from those of another hearing panel of the Commission being conducted at the same time.
23.1(8)Where a hearing or review is being conducted by a hearing panel of the Commission and a member of the hearing panel is for any reason unable to complete the hearing or review, the remaining members may, if they constitute a quorum of the hearing panel, complete the hearing or review.
2007, c.38, s.16