jswizzle3737/ontario_laws_and_regs huggingface dataset:
Definitions
 1. In this Act, “advertisement” includes any form of advertising in any medium or any act, conduct, communication or negotiation or any display, writing or statement made, done, issued or published to members of the public or in a public place; (“annonce”) “business premises” does not include any dwelling; (“locaux commerciaux”) “Commission” means the Ontario Securities Commission; (“Commission”) “corporation” means any incorporated corporation, incorporated association, incorporated syndicate or other incorporated organization, including corporations that do not deal with each other at arm’s length or that would be deemed not to deal with each other at arm’s length under Part XVII of the Income Tax Act (Canada); (“personne morale”) “deposit” means a loan of money at interest or at a discount or repayable at a premium in money or otherwise made to any person or corporation one of whose principal businesses is lending money, dealing in mortgages of real or personal property or purchasing accounts receivable, but does not include a loan of money to any corporation in connection with the issue and sale of its bonds, debentures, notes or other written evidences of indebtedness; (“dépôt”) “dwelling” means any premises or any part thereof occupied as living accommodation; (“logement”) “members of the public” means any section or segment of the public without regard to the numbers thereof; (“membres du public”) “person” means an individual, partnership, unincorporated association, unincorporated organization and a syndicate other than an incorporated syndicate, including persons who are related persons or who would be deemed to be related persons under Part XVII of the Income Tax Act (Canada); (“personne”) “regulations” means the regulations made under this Act; (“règlements”) “short term securities” means bonds, debentures or other evidences of indebtedness maturing within 180 days from the date of acquisition thereof and authorized for purchase or investment by registered corporations under subsection 162 (1) of the Loan and Trust Corporations Act; (“valeurs mobilières à court terme”) “solicitation of deposits” means any advertisement calculated directly or indirectly to lead to or induce the deposit of money or the investment of money on deposit by members of the public, and any reference to soliciting deposits shall be construed accordingly. (“sollicitation de dépôts”) R.S.O. 1990, c. D.8, s. 1.
Application of Act
 2. This Act does not apply to, (a) any bank to which the Bank Act
(Canada) applies; (b) any corporation to which the
Loan and Trust Corporations Act applies; (c) any credit union or league to which the Credit Unions and Caisses Populaires Act applies; (d) any issuer within the meaning of the Investment Contracts Act; (e) any corporation to which the
Co-operative Corporations Act applies; (f) the Province of Ontario Savings Office; (g) any insurer to which the
Insurance Act applies; (h) any mortgage broker registered under the Mortgage Brokers Act; or (i) any person or corporation or any class of persons or corporations that is exempted by the regulations. R.S.O. 1990, c. D.8, s. 2; 1994, c. 11, s. 386.
Improper solicitation of deposits
 3. No person or corporation shall solicit deposits in any manner that is false, misleading, deceptive or likely to create an erroneous impression. R.S.O. 1990, c. D.8, s. 3.
Advertisements for deposits
 4. (1) No advertisement soliciting deposits shall be made, done, issued or published in any manner whatsoever without such advertisement first having been submitted to the Commission for its review and certification as complying with the provisions of this Act and the regulations, and no such advertisement shall be made, done, issued or published without such certification. Exemption for publishers (2) Any person or corporation who, in the ordinary course of business, makes, issues or publishes an advertisement soliciting deposits on the order or direction of another person or corporation, being an advertisement the making, issue or publication of which by such other person or corporation constitutes an offence under this Act, is not guilty of such offence if the matter or material contained in such advertisement was not devised or selected by such person or corporation or under his, her or its direction or control. R.S.O. 1990, c. D.8, s. 4.
Matters confidential
 6. Every person employed in the administration of this Act, including any person making an investigation or inquiry under this Act, shall preserve secrecy with respect to all matters that come to the person’s knowledge in the course of his or her duties, employment, investigation or inquiry and shall not communicate any such matters to any other person except, (a) as may be required in connection with the administration of this Act and the regulations, or any proceedings under this Act or the regulations; or (b) to his or her counsel; or (c) with the consent of the person to whom the information relates. R.S.O. 1990, c. D.8, s. 6.
Fees
 7. Any advertisement submitted to the Commission for review and certification and every return, record or other information required to be filed with the Commission shall be accompanied by the fee prescribed by the regulations. R.S.O. 1990, c. D.8, s. 7.
Offences, persons
 8. (1) Every person who contravenes any provision of this Act is guilty of an offence and on conviction is liable to a fine of not more than $100,000 or to imprisonment for a term of not more than two years, or to both. Idem, corporations (2) Every corporation that contravenes any provision of this Act is guilty of an offence and on conviction is liable to a fine of not more than $200,000. Idem, officers, etc., of corporations (3) Where a corporation is guilty of an offence under this Act, any officer, director or agent of the corporation who directed, authorized, assented to, acquiesced in or participated in, the commission of the offence is a party to and guilty of the offence and on conviction is liable to the fine or imprisonment or to both provided in subsection (1) whether or not the corporation has been prosecuted or convicted. R.S.O. 1990, c. D.8, s. 8.