15(1)Subject to subsection (3), the Commission may delegate in writing any of its powers or duties to the following persons:
(a)
the chair of the Commission;
(b)
another member of the Commission;
(c)
an person appointed under subsection 18(2);
(d)
an employee of the Commission; or
(e)
a committee of the Commission established by the by-laws of the Commission.
15(2)In a written delegation under subsection (1), the Commission
(a)
may impose on the delegate terms and conditions that it considers appropriate, and
(b)
in the case of a delegation of powers or duties to a regulator, may authorize the regulator to subdelegate in writing the powers or duties to another employee of the Commission and to impose on the subdelegate any terms and conditions that the regulator considers appropriate, in addition to those imposed in the Commission’s written delegation.
15(3)The Commission shall not delegate the power to make rules under financial and consumer services legislation.
15(4)A delegate or subdelegate to whom this section applies shall comply with the terms and conditions imposed in the Commission’s written delegation.
15(5)A subdelegate to whom this section applies shall comply with the terms and conditions imposed on the subdelegate by the delegate.
15(6)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.
15(1)Subject to subsection (3), the Commission may delegate in writing any of its powers or duties to the following persons:
(a)
the chair of the Commission;
(b)
another member of the Commission;
(c)
an person appointed under subsection 18(2);
(d)
an employee of the Commission; or
(e)
a committee of the Commission established by the by-laws of the Commission.
15(2)In a written delegation under subsection (1), the Commission
(a)
may impose on the delegate terms and conditions that it considers appropriate, and
(b)
in the case of a delegation of powers or duties to a regulator, may authorize the regulator to subdelegate in writing the powers or duties to another employee of the Commission and to impose on the subdelegate any terms and conditions that the regulator considers appropriate, in addition to those imposed in the Commission’s written delegation.
15(3)The Commission shall not delegate the power to make rules under financial and consumer services legislation.
15(4)A delegate or subdelegate to whom this section applies shall comply with the terms and conditions imposed in the Commission’s written delegation.
15(5)A subdelegate to whom this section applies shall comply with the terms and conditions imposed on the subdelegate by the delegate.
15(6)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.