jswizzle3737/ontario_laws_and_regs huggingface dataset:
1 In this Act, “Authority” means the Financial Services Regulatory Authority of Ontario continued under subsection 2 (1) of the Financial Services Regulatory Authority of Ontario Act, 2016; (“Autorité”) “Chief Executive Officer” means the Chief Executive Officer appointed under subsection 10 (2) of the Financial Services Regulatory Authority of Ontario Act, 2016; (“directeur général”) “prescribed” means, (a)  prescribed by the regulations, or (b)  subject to subsection 15 (5), in respect of matters listed in subsection 15 (1), prescribed by the Authority rules; (“prescrit”) “regulation” means a regulation made under this Act; (“règlement”) “requirement established under this Act” means a requirement imposed by this Act or by a regulation or an Authority rule, a term or condition of an approval, or a requirement imposed by order; (“exigence établie en application de la présente loi”) “Tribunal” means the Financial Services Tribunal continued under the Financial Services Tribunal Act, 2017. (“Tribunal”) Prohibitions Respecting Titles
2 No individual shall use in Ontario the title “Financial Planner” or “planificateur financier”, an abbreviation of that title, an equivalent in another language or a title that could reasonably be confused with that title unless, (a)  the individual has obtained, from a credentialing body approved under section 4, a financial planning credential approved under subsection 7 (1); and (b)  the individual’s financial planning credential is in good standing, within the meaning set out in the Authority rules, with an approved credentialing body.
3 No individual shall use in Ontario the title “Financial Advisor” or “conseiller financier”, an abbreviation of that title, an equivalent in another language or a title that could reasonably be confused with that title unless, (a)  the individual has obtained, from a credentialing body approved under section 4, a financial advising credential approved under subsection 7 (2); and (b)  the individual’s financial advising credential is in good standing, within the meaning set out in the Authority rules, with an approved credentialing body. Approvals
4 (1) On application by a person or entity, the Chief Executive Officer may approve the person or entity as a credentialing body for the purposes of this Act. Criteria, fee (2) The Chief Executive Officer shall not approve a person or entity as a credentialing body unless the person or entity making the application, (a)  satisfies the criteria set out in the Authority rules for credentialing bodies; and (b)  pays the fee required under the Authority rules. Terms and conditions (3) The Chief Executive Officer may, at any time, impose terms and conditions on an approval. Revocation (4) The Chief Executive Officer may revoke a credentialing body’s approval if it is not in compliance with the terms and conditions of its approval or with the Authority rules governing credentialing bodies.
5 (1) An approved credentialing body shall oversee the individuals holding approved credentials it has issued and shall do so in accordance with, (a)  the terms and conditions of its approval; and (b)  the Authority rules governing approved credentialing bodies. 2019, c. 7, Sched. 25, s. 5 (1). Fees payable to the Authority (2) An approved credentialing body shall pay any fees required under the Authority rules. 2021, c. 8, Sched. 4, s. 1. Section Amendments with date in force (d/m/y) 2021, c. 8, Sched. 4, s. 1 - 28/03/2022
6 The Chief Executive Officer shall ensure that a current list of approved credentialing bodies is made public on the Authority’s website and in any other manner the Chief Executive Officer considers appropriate. Approval of credential
7 (1) On application by an approved credentialing body, the Chief Executive Officer may approve, for the purposes of section 2, one or more financial planning credentials offered by the credentialing body. Financial advising (2) On application by an approved credentialing body, the Chief Executive Officer may approve, for the purposes of section 3, one or more financial advising credentials offered by the credentialing body. Criteria, fee (3) The Chief Executive Officer shall not approve a credential unless the approved credentialing body making the application, (a)  satisfies the criteria set out in the Authority rules for credentials; and (b)  pays the fee required under the Authority rules. Revocation (4) The Chief Executive Officer may revoke the approval of a credential if the approved credentialing body offering the credential is not in compliance with the terms and conditions of its approval relating to the credential or with the Authority rules governing approved credentials.
8 The Chief Executive Officer shall ensure that a current list of approved credentials is made public on the Authority’s website and in any other manner the Chief Executive Officer considers appropriate.
9 No person or entity shall represent that it is approved as a credentialing body under this Act unless it has a valid approval as a credentialing body.
10 No person or entity shall represent that a credential it offers is approved under this Act unless it has a valid approval for the credential. Compliance Orders Inquiries and examinations
13 The Chief Executive Officer shall ensure that the name of each person and entity in respect of which a compliance order has been made and the details of the compliance order are made public on the Authority’s website and in any other manner the Chief Executive Officer considers appropriate. General
14 The Minister may make regulations governing fees under this Act, including, (a)  requiring the payment of fees in relation to any matter under this Act, including any services provided by or through the Authority; (b)  prescribing the amount of fees or the manner of determining fees; (c)  prescribing the manner in which and the period within which fees must be paid. 2019, c. 7, Sched. 25, s. 16. Section Amendments with date in force (d/m/y) 2019, c. 7, Sched. 25, s. 16 - 28/03/2022 Authority rules, LGIC regulations