Acts and Regulations

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

Section 69
Disposition versions

Full text
Continuation of decisions
Repealed: 2023, c.6, s.1
2023, c.6, s.1
69Repealed: 2023, c.6, s.1
2023, c.6, s.1
Continuation of decisions
69(1)The following definitions apply in this section.
“agreement” includes an arrangement.(accord)
“decision” includes a ruling, order, temporary order, direction, determination, authorization, requirement, approval, recommendation or resolution.(décision)
69(2)A rule, by-law, decision or agreement of the New Brunswick Securities Commission that was valid and of full force and effect immediately before the commencement of this subsection
(a) continues to be valid and of full force and effect, and
(b) shall be deemed to be a rule, by-law, decision or agreement of the Financial and Consumer Services Commission.
69(3)A decision or agreement of the Minister or the Lieutenant-Governor in Council that was valid and of full force and affect immediately before the commencement of this section under financial and consumer services legislation and that if made after the commencement of this section would be made under that legislation by the Commission, the Tribunal or a regulator
(a) continues to be valid and of full force and effect, and
(b) shall be deemed to be a decision or an agreement of the Commission, Tribunal or regulator, as the case may be.
69(4)A decision or agreement of the Executive Director of the New Brunswick Securities Commission appointed under the Securities Act, the Superintendent of Insurance appointed under the Insurance Act, the Superintendent of Pensions appointed under the Pension Benefits Act, the Superintended 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 under financial and consumer services legislation 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, and
(b) shall be deemed to be a decision or agreement of the regulator.
Continuation of decisions
69(1)The following definitions apply in this section.
“agreement” includes an arrangement.(accord)
“decision” includes a ruling, order, temporary order, direction, determination, authorization, requirement, approval, recommendation or resolution.(décision)
69(2)A rule, by-law, decision or agreement of the New Brunswick Securities Commission that was valid and of full force and effect immediately before the commencement of this subsection
(a) continues to be valid and of full force and effect, and
(b) shall be deemed to be a rule, by-law, decision or agreement of the Financial and Consumer Services Commission.
69(3)A decision or agreement of the Minister or the Lieutenant-Governor in Council that was valid and of full force and affect immediately before the commencement of this section under financial and consumer services legislation and that if made after the commencement of this section would be made under that legislation by the Commission, the Tribunal or a regulator
(a) continues to be valid and of full force and effect, and
(b) shall be deemed to be a decision or an agreement of the Commission, Tribunal or regulator, as the case may be.
69(4)A decision or agreement of the Executive Director of the New Brunswick Securities Commission appointed under the Securities Act, the Superintendent of Insurance appointed under the Insurance Act, the Superintendent of Pensions appointed under the Pension Benefits Act, the Superintended 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 under financial and consumer services legislation 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, and
(b) shall be deemed to be a decision or agreement of the regulator.