Derivatives Act

Under the Derivatives Act, the Financial Markets Administrative Tribunal may:

  1. Prescribe a course of conduct to a recognized regulated entity if it considers that it is necessary for the proper operation of the entity or for the protection of the public (s. 49). 
  2. At the request of the Autorité des marchés financiers or of any interested person, revoke or suspend the rights granted by registration, or impose restrictions or conditions on the exercise of those rights (s. 81). 
  3. At the request of the Autorité des marchés financiers or of any interested person, revoke or suspend the rights conferred by qualification or impose restrictions or conditions on the exercise of those rights (s. 83.1). 
  4. On the application of a person directly affected, review a decision of the Autorité des marchés financiers, of a delegate of the Autorité des marchés financiers or of a recognized regulated entity (s. 113). 
  5. At the request of the Autorité des marchés financiers, for the purposes or in the course of an investigation, grant a freeze order (s. 119) and extend the order for a renewable period of 120 days (s. 120). 
  6. At the request of the Autorité des marchés financiers, following a failure to comply with an obligation under the Act, order a remedial measure (see the list of measures in section 127) in order to remedy the situation or deprive a person of the profit realized as a result of the non-compliance. 
  7. Deny an exemption under the Act (s. 130). 
  8. Order a person or group of persons to cease all activities for the purpose of trading in a particular derivative (s. 131). 
  9. Order a person or group of persons to cease carrying on business as an adviser (s. 132). 
  10. Impose an administrative penalty, which may not exceed $2 000 000 for each contravention (s. 134). 
  11. Require the offender to repay to the Autorité des marchés financiers the costs incurred in connection with the inspection or investigation (s. 135). 
  12. Prohibit a person from acting as a director or officer of a regulated entity, dealer, adviser or qualified person (s. 135.1).