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Financial Consumer Agency of Canada Act

Version of section 22 from 2002-12-31 to 2010-07-11:

Marginal note:Commission of violation

  •  (1) Every contravention or non-compliance that is designated under paragraph 19(1)(a) constitutes a violation and the person who commits the violation is liable to a penalty determined in accordance with sections 19 and 20.

  • Marginal note:Notice of violation

    (2) If the Commissioner believes on reasonable grounds that a person has committed a violation, he or she may issue, and shall cause to be served on the person, a notice of violation.

  • Marginal note:Contents of notice

    (3) A notice of violation shall name the person believed to have committed a violation, identify the violation and set out

    • (a) the penalty that the Commissioner proposes to impose;

    • (b) the right of the person, within 30 days after the notice is served, or within any longer period that the Commissioner specifies, to pay the penalty or to make representations to the Commissioner with respect to the violation and the proposed penalty, and the manner for doing so; and

    • (c) the fact that, if the person does not pay the penalty or make representations in accordance with the notice, the person will be deemed to have committed the violation and the Commissioner may impose a penalty in respect of it.

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