Acts and Regulations

S-5.5 - Securities Act

Full text
Requiring information
2019, c.32, s.9
44.5(1)On application by the Executive Director, the Commission may, if in the opinion of the Commission it is in the public interest, make an order requiring a person to provide information in relation to a designated benchmark to the benchmark administrator that is subject to this Act in respect of the designated benchmark.
44.5(2)The Commission may make an order revoking or varying an order under subsection (1) on the application of the Executive Director or a person who is directly affected, if in the Commission’s opinion the order would not be prejudicial to the public interest.
44.5(3)An order under subsection (1) or (2) shall be in writing and shall be subject to the requirements prescribed by regulation, if any, and the terms and conditions the Commission considers appropriate.
44.5(4)The Commission shall not, without giving the person who is directly affected and the benchmark administrator an opportunity to be heard,
(a) make an order under subsection (1) or (2),
(b) suspend, cancel or vary an order,
(c) remove, vary or replace one or more of the terms and conditions to which an order is subject, or
(d) add terms and conditions to an order.
2019, c.32, s.9