V-1.1 - Securities Act

Full text
160.1.1. A dealer registered as a mutual fund dealer or scholarship plan dealer may share a commission the dealer receives only with another dealer or adviser governed by this Act, a firm, an independent representative or independent partnership governed by the Act respecting the distribution of financial products and services (chapter D-9.2), a broker’s or agency licence holder governed by the Real Estate Brokerage Act (chapter C-73.2), a dealer or adviser governed by the Derivatives Act (chapter I-14.01), a deposit institution authorized under the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2), a bank, an authorized foreign bank, a trust company authorized under the Trust Companies and Savings Companies Act (chapter S‐29.02), an insurer authorized under the Insurers Act (chapter A-32.1) or a federation within the meaning of the Act respecting financial services cooperatives (chapter C-67.3).
The commission is to be shared in the manner determined by regulation of the Authority.
The dealer shall enter every sharing of a commission in a register, in accordance with the regulations.
2018, c. 232018, c. 23, s. 684.
160.1.1. A dealer registered as a mutual fund dealer or scholarship plan dealer may share a commission the dealer receives only with another dealer or adviser governed by this Act, a firm, an independent representative or independent partnership governed by the Act respecting the distribution of financial products and services (chapter D-9.2), a broker’s or agency licence holder governed by the Real Estate Brokerage Act (chapter C-73.2), a dealer or adviser governed by the Derivatives Act (chapter I-14.01), a deposit institution authorized under the Deposit Institutions and Deposit Protection Act (chapter A-26), a bank, an authorized foreign bank, a trust company authorized under the Trust Companies and Savings Companies Act (2018, chapter 23, section 395), an insurer authorized under the Insurers Act (2018, chapter 23, section 3) or a federation within the meaning of the Act respecting financial services cooperatives (chapter C-67.3).
The commission is to be shared in the manner determined by regulation of the Authority.
The dealer shall enter every sharing of a commission in a register, in accordance with the regulations.
2018, c. 232018, c. 23, s. 684.
See special transitional provision, S.Q. 2018, c. 23, s. 712.