Acts and Regulations

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

Section 68
Disposition versions

Full text
Continuation of appointments
68(1)Except as otherwise provided by this Act, an appointment made by the New Brunswick Securities Commission under the Securities Act that was valid and of full force and effect immediately before the commencement of this section and that if made after the commencement of this section would be made under financial and consumer services legislation by the Financial and Consumer Services Commission
(a) continues to be valid and of full force and effect until the appointee is reappointed or ceases to hold office under financial and consumer services legislation, as the case may be, and
(b) shall be deemed to be an appointment made by the Financial and Consumer Services Commission.
68(2) Except as otherwise provided by this Act, an appointment made by the Minister under financial and consumer services legislation that was valid and of full force and effect immediately before the commencement of this section and that if made after the commencement of this section would be made under that legislation by the Commission or a regulator
(a) continues to be valid and of full force and effect until the appointee is reappointed or ceases to hold office under financial and consumer services legislation, as the case may be, and
(b) shall be deemed to be an appointment made by the Commission or the regulator, as the case may be.
68(3)An appointment made under financial and consumer services legislation by the Superintendent of Insurance appointed under the Insurance Act, the Superintendent of Pensions appointed under the Pension Benefits Act, the Superintendent of Credit Unions appointed under the Credit Unions Act, the Superintendent of Loans and Trust Companies appointed under the Loan and Trust Companies Act or the Inspector of Co-operative Associations appointed under the Co-operative Associations Act that was valid and of full force and effect immediately before the commencement of this section and that if made after the commencement of this section would be made under that legislation by a regulator
(a) continues to be valid and of full force and effect until the appointee is reappointed or ceases to hold office under financial and consumer services legislation, as the case may be, and
(b) shall be deemed to be an appointment made by the regulator.
Continuation of appointments
68(1)Except as otherwise provided by this Act, an appointment made by the New Brunswick Securities Commission under the Securities Act that was valid and of full force and effect immediately before the commencement of this section and that if made after the commencement of this section would be made under financial and consumer services legislation by the Financial and Consumer Services Commission
(a) continues to be valid and of full force and effect until the appointee is reappointed or ceases to hold office under financial and consumer services legislation, as the case may be, and
(b) shall be deemed to be an appointment made by the Financial and Consumer Services Commission.
68(2) Except as otherwise provided by this Act, an appointment made by the Minister under financial and consumer services legislation that was valid and of full force and effect immediately before the commencement of this section and that if made after the commencement of this section would be made under that legislation by the Commission or a regulator
(a) continues to be valid and of full force and effect until the appointee is reappointed or ceases to hold office under financial and consumer services legislation, as the case may be, and
(b) shall be deemed to be an appointment made by the Commission or the regulator, as the case may be.
68(3)An appointment made under financial and consumer services legislation by the Superintendent of Insurance appointed under the Insurance Act, the Superintendent of Pensions appointed under the Pension Benefits Act, the Superintendent of Credit Unions appointed under the Credit Unions Act, the Superintendent of Loans and Trust Companies appointed under the Loan and Trust Companies Act or the Inspector of Co-operative Associations appointed under the Co-operative Associations Act that was valid and of full force and effect immediately before the commencement of this section and that if made after the commencement of this section would be made under that legislation by a regulator
(a) continues to be valid and of full force and effect until the appointee is reappointed or ceases to hold office under financial and consumer services legislation, as the case may be, and
(b) shall be deemed to be an appointment made by the regulator.