D-9.2 - Act respecting the distribution of financial products and services

Full text
223. The Authority may, by regulation, determine for each sector
(1)  the rules applicable to the registration of firms, independent representatives and independent partnerships;
(2)  the experience required of a representative in order to register as an independent representative or become a partner in or employee of an independent partnership;
(3)  the cases in which the requirements prescribed under subparagraph 2 do not apply;
(4)  the information and documents to be provided by applicants for registration;
(5)  the rules relating to maintenance of registration;
(6)  the rules applicable to client solicitation;
(7)  the rules relating to advertisements and representations made by firms, independent representatives and independent partnerships, and the elements they may contain;
(8)  the rules relating to the keeping of records and the register of commissions;
(9)  the manner in which commissions are to be shared, and the rules relating to their entry in the register;
(10)  (subparagraph repealed);
(11)  the nature, form and content of the books and other registers to be kept by firms, independent representatives and independent partnerships;
(12)  the rules relating to the use, conservation and destruction of the records, books and registers to be kept by firms, independent representatives and independent partnerships;
(13)  the titles and abbreviations under which a firm, an independent representative or an independent partnership may make itself known;
(13.1)  other rules relating to the activities of a firm, an independent representative or an independent partnership;
(14)  (paragraph repealed);
(15)  the procedure by which and time within which firms, independent representatives and independent partnerships must advise the Authority of any change affecting the information entered in the register in their respect.
1998, c. 37, s. 223; 2002, c. 45, s. 407; 2004, c. 37, s. 90; 2006, c. 50, s. 129; 2009, c. 25, s. 79; 2018, c. 232018, c. 23, s. 564.
223. The Authority may, by regulation, determine for each sector
(1)  the rules applicable to the registration of firms, independent representatives and independent partnerships;
(2)  the experience required of a representative in order to register as an independent representative or become a partner in or employee of an independent partnership;
(3)  the cases in which the requirements prescribed under subparagraph 2 do not apply;
(4)  the information and documents to be provided by applicants for registration;
(5)  the rules relating to maintenance of registration;
(6)  the rules applicable to client solicitation;
(7)  the rules relating to advertisements and representations made by firms, independent representatives and independent partnerships, and the elements they may contain;
(8)  the rules relating to the keeping of records and the register of commissions;
(9)  the manner in which commissions are to be shared, and the rules relating to their entry in the register;
(10)  (subparagraph repealed);
(11)  the nature, form and content of the books and other registers to be kept by firms, independent representatives and independent partnerships;
(12)  the rules relating to the use, conservation and destruction of the records, books and registers to be kept by firms, independent representatives and independent partnerships;
(13)  the titles and abbreviations under which a firm, an independent representative or an independent partnership may make itself known;
(13.1)  other rules relating to the activities of a firm, an independent representative or an independent partnership;
(14)  the forms that firms, independent representatives and independent partnerships must use to meet a requirement prescribed by regulation, the medium of such forms, and the manner in which they are to be used;
(15)  the procedure by which and time within which firms, independent representatives and independent partnerships must advise the Authority of any change affecting the information entered in the register in their respect.
1998, c. 37, s. 223; 2002, c. 45, s. 407; 2004, c. 37, s. 90; 2006, c. 50, s. 129; 2009, c. 25, s. 79.
223. The Authority may, by regulation, determine for each sector
(1)  the rules applicable to the registration of firms, independent representatives and independent partnerships;
(2)  the experience required of a representative in order to register as an independent representative or become a partner in or employee of an independent partnership;
(3)  the cases in which the requirements prescribed under subparagraph 2 do not apply;
(4)  the information and documents to be provided by applicants for registration;
(5)  the rules relating to maintenance of registration;
(6)  the rules applicable to client solicitation;
(7)  the rules relating to advertisements and representations made by firms, independent representatives and independent partnerships, and the elements they may contain;
(8)  the rules relating to the keeping of records and the register of commissions;
(9)  the manner in which commissions are to be shared, and the rules relating to their entry in the register;
(10)  (subparagraph repealed);
(11)  the nature, form and content of the books and other registers to be kept by firms, independent representatives and independent partnerships;
(12)  the rules relating to the use, conservation and destruction of the records, books and registers to be kept by firms, independent representatives and independent partnerships;
(13)  the titles and abbreviations under which a firm, an independent representative or an independent partnership may make itself known;
(13.1)  other rules relating to the activities of a firm acting through a securities representative;
(14)  the forms that firms, independent representatives and independent partnerships must use to meet a requirement prescribed by regulation, the medium of such forms, and the manner in which they are to be used;
(15)  the procedure by which and time within which firms, independent representatives and independent partnerships must advise the Authority of any change affecting the information entered in the register in their respect.
1998, c. 37, s. 223; 2002, c. 45, s. 407; 2004, c. 37, s. 90; 2006, c. 50, s. 129.
223. The Authority may, by regulation, determine for each sector
(1)  the rules applicable to the registration of firms, independent representatives and independent partnerships;
(2)  the experience required of a representative in order to register as an independent representative or become a partner in or employee of an independent partnership;
(3)  the cases in which the requirements prescribed under subparagraph 2 do not apply;
(4)  the information and documents to be provided by applicants for registration;
(5)  the rules relating to maintenance of registration;
(6)  the rules applicable to client solicitation;
(7)  the rules relating to advertisements and representations made by firms, independent representatives and independent partnerships, and the elements they may contain;
(8)  the rules relating to the keeping of records and the register of commissions;
(9)  the manner in which commissions are to be shared, and the rules relating to their entry in the register;
(10)  (subparagraph repealed);
(11)  the nature, form and content of the books and other registers to be kept by firms, independent representatives and independent partnerships;
(12)  the rules relating to the use, conservation and destruction of the records, books and registers to be kept by firms, independent representatives and independent partnerships;
(13)  the titles and abbreviations under which a firm, an independent representative or an independent partnership may make itself known;
(14)  the forms that firms, independent representatives and independent partnerships must use to meet a requirement prescribed by regulation, the medium of such forms, and the manner in which they are to be used;
(15)  the procedure by which and time within which firms, independent representatives and independent partnerships must advise the Authority of any change affecting the information entered in the register in their respect.
1998, c. 37, s. 223; 2002, c. 45, s. 407; 2004, c. 37, s. 90.
223. The Agency may, by regulation, determine for each sector
(1)  the rules applicable to the registration of firms, independent representatives and independent partnerships;
(2)  the experience required of a representative in order to register as an independent representative or become a partner in or employee of an independent partnership;
(3)  the cases in which the requirements prescribed under subparagraph 2 do not apply;
(4)  the information and documents to be provided by applicants for registration;
(5)  the rules relating to maintenance of registration;
(6)  the rules applicable to client solicitation;
(7)  the rules relating to advertisements and representations made by firms, independent representatives and independent partnerships, and the elements they may contain;
(8)  the rules relating to the keeping of records and the register of commissions;
(9)  the manner in which commissions are to be shared, and the rules relating to their entry in the register;
(10)  (subparagraph repealed);
(11)  the nature, form and content of the books and other registers to be kept by firms, independent representatives and independent partnerships;
(12)  the rules relating to the use, conservation and destruction of the records, books and registers to be kept by firms, independent representatives and independent partnerships;
(13)  the titles and abbreviations under which a firm, an independent representative or an independent partnership may make itself known;
(14)  the forms that firms, independent representatives and independent partnerships must use to meet a requirement prescribed by regulation, the medium of such forms, and the manner in which they are to be used;
(15)  the procedure by which and time within which firms, independent representatives and independent partnerships must advise the Bureau of any change affecting the information entered in the register in their respect.
1998, c. 37, s. 223; 2002, c. 45, s. 407.
223. The Agency may, by regulation, determine for each sector
(1)  the rules applicable to the registration of firms, independent representatives and independent partnerships;
(2)  the experience required of a representative in order to register as an independent representative or become a partner in or employee of an independent partnership;
(3)  the cases in which the requirements prescribed under subparagraph 2 do not apply;
(4)  the information and documents to be provided by applicants for registration;
(5)  the rules relating to maintenance of registration;
(6)  the rules applicable to client solicitation;
(7)  the rules relating to advertisements and representations made by firms, independent representatives and independent partnerships, and the elements they may contain;
(8)  the rules relating to the keeping of records and the register of commissions;
(9)  the manner in which commissions are to be shared, and the rules relating to their entry in the register;
(10)  (subparagraph repealed);
(11)  the nature, form and content of the books and other registers to be kept by firms, independent representatives and independent partnerships;
(12)  the rules relating to the use, conservation and destruction of the records, books and registers to be kept by firms, independent representatives and independent partnerships;
(13)  the titles and abbreviations under which a firm, an independent representative or an independent partnership may make itself known;
(14)  the forms that firms, independent representatives and independent partnerships must use to meet a requirement prescribed by regulation, the medium of such forms, and the manner in which they are to be used;
(15)  the procedure by which and time within which firms, independent representatives and independent partnerships must advise the Bureau of any change affecting the information entered in the register in their respect.
A regulation made under subparagraph 2, 3 or 6 to 10 of the first paragraph must be submitted to the Government for approval with or without amendment.
A regulation made under subparagraph 11 or 12 of the first paragraph must be submitted to the Commission for approval with or without amendment.
1998, c. 37, s. 223; 2002, c. 45, s. 407.
223. The Bureau may, by regulation, determine for each sector
(1)  the rules applicable to the registration of firms, independent representatives and independent partnerships;
(2)  the experience required of a representative in order to register as an independent representative or become a partner in or employee of an independent partnership;
(3)  the cases in which the requirements prescribed under subparagraph 2 do not apply;
(4)  the information and documents to be provided by applicants for registration;
(5)  the rules relating to maintenance of registration;
(6)  the rules applicable to client solicitation;
(7)  the rules relating to advertisements and representations made by firms, independent representatives and independent partnerships, and the elements they may contain;
(8)  the rules relating to the keeping of records, the register of commissions and the register of complaints;
(9)  the manner in which commissions are to be shared, and the rules relating to their entry in the register;
(10)  the rules to be followed by firms, independent representatives and independent partnerships in dealing with complaints from clients;
(11)  the nature, form and content of the books and other registers to be kept by firms, independent representatives and independent partnerships;
(12)  the rules relating to the use, conservation and destruction of the records, books and registers to be kept by firms, independent representatives and independent partnerships;
(13)  the titles and abbreviations under which a firm, an independent representative or an independent partnership may make itself known;
(14)  the forms that firms, independent representatives and independent partnerships must use to meet a requirement prescribed by regulation, the medium of such forms, and the manner in which they are to be used;
(15)  the procedure by which and time within which firms, independent representatives and independent partnerships must advise the Bureau of any change affecting the information entered in the register in their respect.
A regulation made under subparagraph 2, 3 or 6 to 10 of the first paragraph must be submitted to the Government for approval with or without amendment.
A regulation made under subparagraph 11 or 12 of the first paragraph must be submitted to the Commission for approval with or without amendment.
1998, c. 37, s. 223.