Acts and Regulations

S-5.5 - Securities Act

Section 48
Disposition versions

Full text
Registration
2007, c.38, s.22
48(1)The Executive Director shall grant registration, reinstatement of registration or amendment to registration to an applicant, as the case may be, unless
(a) in the opinion of the Executive Director, the applicant is not suitable for registration, reinstatement of registration or amendment to registration,
(b) in the opinion of the Executive Director, the proposed registration, reinstatement of registration or amendment to registration is objectionable, or
(c) the applicant has not paid the fee prescribed by regulation.
48(2)The Executive Director may at any time restrict a registration by imposing such terms and conditions as he or she considers appropriate on the registration and, without limiting the generality of the foregoing, may restrict
(a) the duration of the registration, and
(b) the registration to trades in certain securities or derivatives or a certain class of securities or class of derivatives.
48(3)A registrant shall comply with the terms and conditions imposed on the registration by the Executive Director under subsection (2).
48(4)The Executive Director shall not refuse to grant, reinstate or amend a registration or impose terms and conditions on the registration without giving the applicant or registrant an opportunity to be heard.
2007, c.38, s.23; 2008, c.22, s.12; 2013, c.43, s.16
Registration
2007, c.38, s.22
48(1)The Executive Director shall grant registration, reinstatement of registration or amendment to registration to an applicant, as the case may be, unless
(a) in the opinion of the Executive Director, the applicant is not suitable for registration, reinstatement of registration or amendment to registration,
(b) in the opinion of the Executive Director, the proposed registration, reinstatement of registration or amendment to registration is objectionable, or
(c) the applicant has not paid the fee prescribed by regulation.
48(2)The Executive Director may at any time restrict a registration by imposing such terms and conditions as he or she considers appropriate on the registration and, without limiting the generality of the foregoing, may restrict
(a) the duration of the registration, and
(b) the registration to trades in certain securities or exchange contracts or a certain class of securities or class of exchange contracts.
48(3)A registrant shall comply with the terms and conditions imposed on the registration by the Executive Director under subsection (2).
48(4)The Executive Director shall not refuse to grant, reinstate or amend a registration or impose terms and conditions on the registration without giving the applicant or registrant an opportunity to be heard.
2007, c.38, s.23; 2008, c.22, s.12
Registration
2007, c.38, s.22
48(1)The Executive Director shall grant registration, reinstatement of registration or amendment to registration to an applicant, as the case may be, unless
(a) in the opinion of the Executive Director, the applicant is not suitable for registration, reinstatement of registration or amendment to registration,
(b) in the opinion of the Executive Director, the proposed registration, reinstatement of registration or amendment to registration is objectionable, or
(c) the applicant has not paid the fee prescribed by regulation.
48(2)The Executive Director may at any time restrict a registration by imposing such terms and conditions as he or she considers appropriate on the registration and, without limiting the generality of the foregoing, may restrict
(a) the duration of the registration, and
(b) the registration to trades in certain securities or a certain class of securities.
48(3)A registrant shall comply with the terms and conditions imposed on the registration by the Executive Director under subsection (2).
48(4)The Executive Director shall not refuse to grant, reinstate or amend a registration or impose terms and conditions on the registration without giving the applicant or registrant an opportunity to be heard.
2007, c.38, s.23
Granting registration
48(1)The Executive Director shall grant registration, renewal or reinstatement of registration or amendment to registration to an applicant, as the case may be, unless
(a) in the opinion of the Executive Director, the applicant is not suitable for registration, renewal or reinstatement of registration or amendment to registration,
(b) in the opinion of the Executive Director, the proposed registration, renewal or reinstatement of registration or amendment to registration is objectionable, or
(c) the applicant has not paid the fee prescribed by regulation.
48(2)The Executive Director may, in granting a registration, a renewal or a reinstatement of registration or an amendment to registration, restrict the registration of the applicant by imposing terms and conditions on the registration and, without limiting the generality of the foregoing, may restrict
(a) the duration of the registration, and
(b) the registration to trades in certain securities or a certain class of securities.
48(3)A registrant shall comply with the terms and conditions imposed on the registration by the Executive Director under subsection (2).
48(4)The Executive Director shall not refuse to grant, renew, reinstate or amend a registration or impose terms and conditions on the registration without giving the applicant an opportunity to be heard.