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E-12.000001 - Money-Services Businesses Act

Section 17
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17. The Minister suspends or revokes the licence of a money-services business on a ground specified in section 11 or 13, or if a person or entity described in the first paragraph of section 16 is in any of the situations described in paragraph 1 of section 11.
The Minister may suspend or revoke the licence of a money-services business on a ground specified in any of sections 12, 12.1, 14 and 15 or the first paragraph of section 16, if the business does not comply with an obligation provided for in Chapter III or if the business fails to pay an amount under section 65.1 and the applicable time referred to in the first paragraph of section 65.12 has expired.
2010, c. 40, Sch. I, s. 17; 2013, c. 18, s. 76; 2016, c. 7, s. 179; 2018, c. 23, s. 811; 2020, c. 5, s. 42; 2023, c. 30, s. 46.
17. The Minister suspends or revokes the licence of a money-services business on a ground specified in section 11 or 13, or if a person or entity described in the first paragraph of section 16 is in any of the situations described in paragraph 1 of section 11.
The Minister may suspend or revoke the licence of a money-services business on a ground specified in any of sections 12, 12.1, 14 and 15 or in the first paragraph of section 16 or if the business does not comply with an obligation provided for in Chapter III.
2010, c. 40, Sch. I, s. 17; 2013, c. 18, s. 76; 2016, c. 7, s. 179; 2018, c. 23, s. 811; 2020, c. 5, s. 42.
17. The Authority suspends or revokes the licence of a money-services business on a ground specified in section 11 or 13, or if a person or entity described in the first paragraph of section 16 is in any of the situations described in paragraph 1 of section 11.
Based on any other grounds specified in this Act, the Authority requests the Financial Markets Administrative Tribunal established by section 92 of the Act respecting the regulation of the financial sector (chapter E-6.1) to suspend or revoke the licence of a money-services business. The Authority may also request the Tribunal to impose an administrative penalty on the money-services business, which may not exceed $200,000 for each offence.
2010, c. 40, Sch. I, s. 17; 2013, c. 18, s. 76; 2016, c. 7, s. 179; 2018, c. 23, s. 811.
17. The Authority suspends or revokes the licence of a money-services business on a ground specified in section 11 or 13, or if a person or entity described in the first paragraph of section 16 is in any of the situations described in paragraph 1 of section 11.
Based on any other grounds specified in this Act, the Authority requests the Financial Markets Administrative Tribunal established by section 92 of the Act respecting the Autorité des marchés financiers (chapter A-33.2) to suspend or revoke the licence of a money-services business. The Authority may also request the Tribunal to impose an administrative penalty on the money-services business, which may not exceed $200,000 for each offence.
2010, c. 40, Sch. I, s. 17; 2013, c. 18, s. 76; 2016, c. 7, s. 179.
17. The Authority suspends or revokes the licence of a money-services business on a ground specified in section 11 or 13, or if a person or entity described in the first paragraph of section 16 is in any of the situations described in paragraph 1 of section 11.
Based on any other grounds specified in this Act, the Authority requests the Bureau de décision et de révision established by section 92 of the Act respecting the Autorité des marchés financiers (chapter A-33.2) to suspend or revoke the licence of a money-services business. The Authority may also request the Bureau to impose an administrative penalty on the money-services business, which may not exceed $200,000 for each offence.
2010, c. 40, Sch. I, s. 17; 2013, c. 18, s. 76.
17. The Authority suspends or revokes the licence of a money-services business on a ground specified in section 11 or 13.
Based on any other grounds specified in this Act, the Authority requests the Bureau de décision et de révision to suspend or revoke the licence of a money-services business. The Authority may also request the Bureau to impose an administrative penalty on the money-services business, which may not exceed $200,000 for each offence.
2010, c. 40, Sch. I, s. 17.
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