Acts and Regulations

2013, c.30 - Financial and Consumer Services Commission Act

Full text
Public access to information
14(1)Subject to subsections (2) and (3), all information or material required to be filed under financial and consumer services legislation with the Commission or a regulator shall be made available for public inspection at the Commission offices during the normal business hours of the Commission and may be published by the Commission.
14(2)The Commission or a regulator may hold information or material or any class of information or material referred to in subsection (1) in confidence if the Commission or the regulator is of the opinion the information or material discloses intimate financial, personal or other information and the desirability of avoiding disclosure of the information in the interests of an affected person outweighs the desirability of adhering to the principle that information and material filed with the Commission or the regulator be available to the public.
14(3)On the application of an interested person or the Commission and after giving the applicant an opportunity to be heard, the Tribunal may order that information or a class of information or material or a class of materials referred to in subsection (1) be held in confidence if the Tribunal is of the opinion the information or material discloses intimate financial, personal or other information and the desirability of avoiding disclosure of the information in the interests of an affected person outweighs the desirability of adhering to the principle that information and material filed with the Commission or the regulator be available to the public.
14(4)A person affected by a decision under subsection (2) to hold information in confidence may appeal the decision to the Tribunal, and the Tribunal, by order, may confirm, vary or rescind the decision.
14(4.1)An appeal under subsection (4) shall be made within 30 days after the date of the decision.
14(4.2)Despite subsection (4.1), the Tribunal may extend the period for appealing a decision, before or after the expiration of the time, if it is satisfied that there are reasonable grounds for an extension.
14(5)A decision of the Tribunal under subsection (3) or (4) is final and, despite subsection 48(1), is not subject to appeal.
2017, c.48, s.8
Public access to information
14(1)Subject to subsections (2) and (3), all information or material required to be filed under financial and consumer services legislation with the Commission or a regulator shall be made available for public inspection at the Commission offices during the normal business hours of the Commission and may be published by the Commission.
14(2)The Commission or a regulator may hold information or material or any class of information or material referred to in subsection (1) in confidence if the Commission or the regulator is of the opinion the information or material discloses intimate financial, personal or other information and the desirability of avoiding disclosure of the information in the interests of an affected person outweighs the desirability of adhering to the principle that information and material filed with the Commission or the regulator be available to the public.
14(3)On the application of an interested person or the Commission and after giving the applicant an opportunity to be heard, the Tribunal may order that information or a class of information or material or a class of materials referred to in subsection (1) be held in confidence if the Tribunal is of the opinion the information or material discloses intimate financial, personal or other information and the desirability of avoiding disclosure of the information in the interests of an affected person outweighs the desirability of adhering to the principle that information and material filed with the Commission or the regulator be available to the public.
14(4)A person affected by a decision under subsection (2) to hold information in confidence may appeal the decision to the Tribunal, and the Tribunal, by order, may confirm, vary or rescind the decision.
14(5)A decision of the Tribunal under subsection (3) or (4) is final and, despite subsection 48(1), is not subject to appeal.
Public access to information
14(1)Subject to subsections (2) and (3), all information or material required to be filed under financial and consumer services legislation with the Commission or a regulator shall be made available for public inspection at the Commission offices during the normal business hours of the Commission and may be published by the Commission.
14(2)The Commission or a regulator may hold information or material or any class of information or material referred to in subsection (1) in confidence if the Commission or the regulator is of the opinion the information or material discloses intimate financial, personal or other information and the desirability of avoiding disclosure of the information in the interests of an affected person outweighs the desirability of adhering to the principle that information and material filed with the Commission or the regulator be available to the public.
14(3)On the application of an interested person or the Commission and after giving the applicant an opportunity to be heard, the Tribunal may order that information or a class of information or material or a class of materials referred to in subsection (1) be held in confidence if the Tribunal is of the opinion the information or material discloses intimate financial, personal or other information and the desirability of avoiding disclosure of the information in the interests of an affected person outweighs the desirability of adhering to the principle that information and material filed with the Commission or the regulator be available to the public.
14(4)A person affected by a decision under subsection (2) to hold information in confidence may appeal the decision to the Tribunal, and the Tribunal, by order, may confirm, vary or rescind the decision.
14(5)A decision of the Tribunal under subsection (3) or (4) is final and, despite subsection 48(1), is not subject to appeal.