E-12.000001 - Money-Services Businesses Act

Section 5 Disposition versions

2022-11-01

5. A licence application must be filed together with the fee determined by regulation and filed by a person acting as the business’s respondent for the purposes of this Act.

The respondent must

(0.1)  be a director, officer or partner of the money-services business;

(1)  be 18 years of age or over;

(2)  not be under tutorship or under a protection mandate;

(3)  be domiciled in Québec or have a place of business or a place of work in Québec; and

(4)  meet any other condition set by regulation.

The money-services business must give the respondent access, at the business’s head office and in all its establishments, to the information and documents needed to exercise the respondent’s functions.

The respondent for a money-services business that is not constituted under the laws of Québec and does not have its head office or an establishment in Québec need not be a director, officer or partner of the business but must be able to properly exercise a respondent’s functions with the Minister.

2010, c. 40, Sch. I, s. 5; 2013, c. 18, s. 67; 2020, c. 5, s. 73; 2020, c. 11, s. 190.

2021-09-13

5. A licence application must be filed together with the fee determined by regulation and filed by a person acting as the business’s respondent for the purposes of this Act.

The respondent must

(0.1)  be a director, officer or partner of the money-services business;

(1)  be 18 years of age or over;

(2)  not be under tutorship, curatorship or advisership;

(3)  be domiciled in Québec or have a place of business or a place of work in Québec; and

(4)  meet any other condition set by regulation.

The money-services business must give the respondent access, at the business’s head office and in all its establishments, to the information and documents needed to exercise the respondent’s functions.

The respondent for a money-services business that is not constituted under the laws of Québec and does not have its head office or an establishment in Québec need not be a director, officer or partner of the business but must be able to properly exercise a respondent’s functions with the Minister.

2010, c. 40, Sch. I, s. 5; 2013, c. 18, s. 67; 2020, c. 5, s. 73.

2013-06-14

5. A licence application must be filed together with the fee determined by regulation and filed by a person acting as the business’s respondent for the purposes of this Act.

The respondent must

(0.1)  be a director, officer or partner of the money-services business;

(1)  be 18 years of age or over;

(2)  not be under tutorship, curatorship or advisership;

(3)  be domiciled in Québec or have a place of business or a place of work in Québec; and

(4)  meet any other condition set by regulation.

The money-services business must give the respondent access, at the business’s head office and in all its establishments, to the information and documents needed to exercise the respondent’s functions.

The respondent for a money-services business that is not constituted under the laws of Québec and does not have its head office or an establishment in Québec need not be a director, officer or partner of the business but must be able to properly exercise a respondent’s functions with the Authority.

2010, c. 40, Sch. I, s. 5; 2013, c. 18, s. 67.

2012-04-01

5. A licence application must be filed together with the fee determined by regulation and filed by the director, officer or partner of the money-services business who is acting as the business’s respondent for the purposes of this Act.

The respondent must

(1)  be 18 years of age or over;

(2)  not be under tutorship, curatorship or advisership;

(3)  be domiciled in Québec or have a place of business or a place of work in Québec; and

(4)  meet any other condition set by regulation.

If the money-services business is not constituted under the laws of Québec and does not have its head office or an establishment in Québec, it must appoint a respondent in Québec who meets the requirements of the second paragraph. Such a respondent need not be a director, an officer or a partner of the business but must be able to properly exercise a respondent’s functions with the Authority.

The money-services business must give such a respondent access, at the business’s head office and in all its establishments, to the information and documents needed to exercise the respondent’s functions.

2010, c. 40, Sch. I, s. 5.