R-17.0.1 - Voluntary Retirement Savings Plans Act

Article 117 Versions de la disposition

2016-01-01

117. The following are guilty of an offence and liable to a minimum fine of $5,000 and a maximum fine of $75,000 in the case of a natural person and $200,000 in other cases:

1°  a plan administrator that contravenes an order made under this Act;

2°  a plan administrator that contravenes section 27;

3°  a person who, with the intention of avoiding the application of this Act, destroys, alters, falsifies, secretes or otherwise disposes of a record or a written or other document;

4°  a person who acts as a plan administrator or suggests they are one without holding the authorization required under section 14;

5°  a person who offers a voluntary retirement savings plan that is not registered in compliance with this Act;

6°  a person who in any manner makes a misrepresentation to the Autorité des marchés financiers or Retraite Québec, in the course of activities governed by this Act;

7°  a plan administrator that hinders or attempts to hinder a person acting as required or authorized by this Act; and

8°  a person who contravenes section 44.

In the case of a subsequent conviction, the fines prescribed in this section are doubled.

2013, c. 26, s. 117; 2015, c. 20, s. 61.

2014-07-01

117. The following are guilty of an offence and liable to a minimum fine of $5,000 and a maximum fine of $75,000 in the case of a natural person and $200,000 in other cases:

1°  a plan administrator that contravenes an order made under this Act;

2°  a plan administrator that contravenes section 27;

3°  a person who, with the intention of avoiding the application of this Act, destroys, alters, falsifies, secretes or otherwise disposes of a record or a written or other document;

4°  a person who acts as a plan administrator or suggests they are one without holding the authorization required under section 14;

5°  a person who offers a voluntary retirement savings plan that is not registered in compliance with this Act;

6°  a person who in any manner makes a misrepresentation to the Autorité des marchés financiers or the Régie, in the course of activities governed by this Act;

7°  a plan administrator that hinders or attempts to hinder a person acting as required or authorized by this Act; and

8°  a person who contravenes section 44.

In the case of a subsequent conviction, the fines prescribed in this section are doubled.

2013, c. 26, s. 117.