E-12.000001 - Money-Services Businesses Act

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16. The Authority may refuse to issue a licence to a money-services business if any of the following persons or mandataries is in a situation described in paragraph 4 or 6 of section 11 or in paragraph 1 of section 12:
(1)  employees of the business who work in Québec and whose functions are related to the offer of money services;
(2)  mandataries of the business;
(3)  officers of a mandatary described in subparagraph 2 who are responsible for money services offered on behalf of the business.
The Authority refuses to issue a licence if a person or a mandatary described in the first paragraph is in any of the situations described in paragraph 1 of section 11.
2010, c. 40, Sch. I, s. 16; 2013, c. 18, s. 75.
16. The Authority may refuse to issue a licence to a money-services business if one of its employees whose functions are related to the money services offered by the money-services business is in a situation described in paragraph 1, 4 or 6 of section 11 or paragraph 1 of section 12.
2010, c. 40, Sch. I, s. 16.