Acts and Regulations

S-5.5 - Securities Act

Section 53
Disposition versions

Full text
Order suspending or cancelling registration
53(1)The Executive Director may make an order suspending or cancelling the registration of a registrant if the Executive Director is of the opinion that it is in the public interest to do so.
53(2)The Executive Director shall not make an order under subsection (1) without giving the registrant an opportunity to be heard.
2007, c.38, s.27; 2008, c.22, s.15; 2013, c.43, s.17
Order suspending or cancelling registration
53(1)Subject to subsection (2), the Executive Director may, following a hearing, make an order suspending or cancelling the registration of a registrant if the Executive Director is of the opinion that it is in the public interest to do so.
53(2)Where the Executive Director is of the opinion that the length of time required to hold a hearing under subsection (1) could be prejudicial to the public interest, the Executive Director may, without a hearing, make a temporary order under subsection (1) to have effect for not longer than 15 days after the date the temporary order is made, unless a hearing is commenced within the 15 days, in which case the Executive Director may extend the temporary order until the hearing is concluded.
53(3)The Executive Director shall without delay give written notice of an order or temporary order made under this section to the registrant to whom the order or temporary order relates.
2007, c.38, s.27; 2008, c.22, s.15
Order suspending or cancelling registration
53(1)Subject to subsection (2), the Executive Director may, following a hearing, make an order suspending or cancelling the registration of a registrant if the Executive Director is of the opinion that
(a) the registrant has contravened or failed to comply with a term or condition imposed on the registration under subsection 48(2), or
(b) the registrant has contravened or failed to comply with section 54.
53(2)Where the Executive Director is of the opinion that the length of time required to hold a hearing under subsection (1) could be prejudicial to the public interest, the Executive Director may, without a hearing, make a temporary order under subsection (1) to have effect for not longer than 15 days after the date the temporary order is made, unless a hearing is commenced within the 15 days, in which case the Executive Director may extend the temporary order until the hearing is concluded.
53(3)The Executive Director shall without delay give written notice of an order or temporary order made under this section to the registrant to whom the order or temporary order relates.
2007, c.38, s.27
Order suspending or cancelling registration
53(1)Subject to subsection (2), the Executive Director may, following a hearing, make an order suspending or cancelling the registration of a registrant if the Executive Director is of the opinion that the registrant has contravened or failed to comply with a term or condition imposed on the registration under subsection 48(2).
53(2)Where the Executive Director is of the opinion that the length of time required to hold a hearing under subsection (1) could be prejudicial to the public interest, the Executive Director may, without a hearing, make a temporary order under subsection (1) to have effect for not longer than 15 days after the date the temporary order is made, unless a hearing is commenced within the 15 days, in which case the Executive Director may extend the temporary order until the hearing is concluded.
53(3)The Executive Director shall without delay give written notice of an order or temporary order made under this section to the registrant to whom the order or temporary order relates.