208 (1) In the circumstances described in subsection (1.1), the Chief Executive Officer may direct any corporation or other person who has funds, securities or assets of a corporation or person described in clause (1.1) (a) or (b) on deposit, under control or for safekeeping to do any of the following things: 1.  To hold the funds, securities or assets. 2.  To direct the corporation or person described in clause (1.1) (a) or (b)  to refrain from withdrawing funds, securities or assets from, or dealing with funds, securities or assets with, any other person who has any of them on deposit, under control or for safekeeping. 3.  To direct the corporation or person described in clause (1.1) (a) or (b) to hold all funds, securities or assets in his, her or its possession or control in trust for the Chief Executive Officer.  2001, c. 8, s. 167 (1); 2018, c. 8, Sched. 16, s. 5. Same (1.1) The Chief Executive Officer may give the direction described in subsection (1), (a)  if the Chief Executive Officer is about to order an investigation in respect of a corporation or other person under section 206, or during or after such an investigation; or (b)  if proceedings in respect of a contravention of this Act or the regulations are about to be, or have been, instituted against a corporation or other person and if, in the opinion of the Chief Executive Officer, the proceedings are connected with or arise out of any business conducted by the corporation or person.  2001, c. 8, s. 167 (1); 2018, c. 8, Sched. 16, s. 5. Same (1.2) A direction described in subsection (1) must be given by a method that provides for a written or printed copy.  2001, c. 8, s. 167 (1). Idem (2) A direction issued under subsection (1) does not apply to funds or securities in a stock exchange clearing house or to securities in process of transfer by a transfer agent unless the direction expressly so states and in the case of a bank or a corporation, the direction applies only to the offices, branches or agencies thereof named in the direction.  R.S.O. 1990, c. L.25, s. 208 (2). Application for directions (3) Any person or corporation named in a direction issued under subsection (1), if in doubt as to the application of the direction to particular funds, securities or assets, may apply to the Chief Executive Officer for an order of clarification.  R.S.O. 1990, c. L.25, s. 208 (3); 2018, c. 8, Sched. 16, s. 5. Revocation or amendment of direction (4) Upon the application of a registered corporation or other person directly affected by a direction issued under subsection (1), the Chief Executive Officer may make an order on such terms and conditions as he or she may impose revoking the direction or consenting to the release of any fund or security.  R.S.O. 1990, c. L.25, s. 208 (4); 2018, c. 8, Sched. 16, s. 5. Notice to land registry offices (5) In any of the circumstances mentioned in subsection (1.1), the Chief Executive Officer may by any method that provides a written or printed copy notify any land registrar that proceedings are being or are about to be taken that may affect land belonging to the corporation or other person referred to in the notice, and the land registrar shall register the notice against the title of the land.  R.S.O. 1990, c. L.25, s. 208 (5); 2001, c. 8, s. 167 (2); 2018, c. 8, Sched. 16, s. 5. Idem (6) A notice registered under subsection (5) has the same effect as the registration of a certificate of pending litigation or a caution, and the Chief Executive Officer may in writing revoke or modify the notice.  R.S.O. 1990, c. L.25, s. 208 (6); 2018, c. 8, Sched. 16, s. 5. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 169 - 01/07/1998 2001, c. 8, s. 167 (1, 2) - 01/08/2008 2018, c. 8, Sched. 16, s. 5 - 08/06/2019 209 Repealed:  2001, c. 8, s. 168. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 169 - 01/07/1998 2001, c. 8, s. 168
- 01/08/2008 210 Repealed:  2001, c. 8, s. 169. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 170 - 01/07/1998 2001, c. 8, s. 169
- 01/08/2008 2006, c. 19, Sched. C, s. 1 (1) - 22/06/2006 211 Repealed:  2001, c. 8, s. 170. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 170
- 01/08/2008 2006, c. 19, Sched. C, s. 1 (1) - 22/06/2006 212 Repealed:  2001, c. 8, s. 171. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 171 - 01/08/2008 PART XIII   OFFENCES AND PENALTIES