Acts and Regulations

S-5.5 - Securities Act

Full text
Delegation of Commission powers and duties
Repealed: 2013, c.31, s.36
2013, c.31, s.36
24Repealed: 2013, c.31, s.36
2007, c.38, s.17; 2013, c.31, s.36
Delegation of Commission powers and duties
24(1)Subject to subsection (3), the Commission may in writing delegate its powers or duties under this Act or the regulations to the Chair, another member of the Commission, the Executive Director, a committee of the Commission established by the by-laws of the Commission or an employee of the Commission.
24(2)In a written delegation under subsection (1), the Commission may
(a) impose on the delegate terms and conditions that it considers appropriate, and
(b) in the case of a delegation of powers or duties to the Executive Director, authorize the Executive Director to subdelegate in writing the powers or duties to an employee of the Commission and to impose on the subdelegate any terms and conditions that the Executive Director considers appropriate, in addition to those imposed in the Commission’s written delegation.
24(3)The Commission shall not delegate under subsection (1) the power to conduct contested hearings on the merits or the power to make rules under section 200.
24(4)A delegate or subdelegate to whom this section applies shall comply with any terms and conditions imposed in the Commission’s written delegation.
24(5)A subdelegate to whom this section applies shall comply with any terms and conditions imposed on the subdelegate by the Executive Director.
24(6)The Commission may revoke, in whole or in part, a written delegation made under subsection (1).
24(7)Where the Executive Director subdelegates a power or duty as authorized in a written delegation made under subsection (1), he or she may revoke, in whole or in part, the subdelegation.
24(8)No member of the Commission who exercises a power or performs a duty of the Commission under Part 13 in respect of a matter under investigation shall sit on a hearing by the Commission that deals with the matter, except with the written consent of the parties to the proceeding.
24(9)A decision, ruling, order, temporary order or direction made by a person under a written delegation or subdelegation made under this section shall be deemed to be a decision, ruling, order, temporary order or direction of the Commission.
2007, c.38, s.17
Delegation of Commission powers and duties
24(1)Subject to subsection (3), the Commission may delegate its powers and duties under this Act or the regulations to the Chair, another member of the Commission, the Executive Director or a committee of the Commission established by the by-laws of the Commission.
24(2)The Commission may impose such terms and conditions as it considers appropriate on a delegation made under subsection (1).
24(3)The Commission shall not delegate the power to conduct contested hearings on the merits or the power to make rules under section 200.
24(4)The Commission may revoke, in whole or in part, a delegation made under subsection (1).
24(5)No member of the Commission who exercises a power or performs a duty of the Commission under Part 13 in respect of a matter under investigation shall sit on a hearing by the Commission that deals with the matter, except with the written consent of the parties to the proceeding.
24(6)A decision, ruling, order, temporary order or direction made by a person under a delegation made by the Commission under subsection (1) shall be deemed to be a decision, ruling, order, temporary order or direction of the Commission.