71 (1) A person or entity, other than the regulatory authority, is guilty of an offence if the person or entity, (a)  furnishes false information to the regulatory authority in any application under section 38, in any statement required under this Act or in any circumstance that is prescribed; (b)  fails to comply with any condition of a licence that the person or entity holds; (c)  fails to comply with any order or other requirement under this Act, other than an order made under section 57; or (d)  contravenes or fails to comply with any section of this Act or the regulations made under the Act, other than the code of ethics established under clause 84 (1) (f). 2017, c. 33, Sched. 1, s. 71 (1). Officer or director of corporation (2) An officer or director of a corporation who fails to take reasonable care to prevent the corporation from committing an offence mentioned in subsection (1) is guilty of an offence, whether or not the corporation has been prosecuted or convicted. 2017, c. 33, Sched. 1, s. 71 (2). Other individuals (3) Any of the following individuals who act on behalf of an entity and who fail to take reasonable care to prevent the entity from committing an offence mentioned in subsection (1) are guilty of an offence, whether or not the entity has been prosecuted or convicted: 1.  A partner or general manager and assistant general manager of the entity, if the entity is a partnership. 2.  Any other individual designated for the purpose of this subsection by a by-law or resolution of the entity. 3.  Any other individual who performs functions normally performed by an individual described in paragraph 2. 2017, c. 33, Sched. 1, s. 71 (3). Penalties (4) A person or entity that is convicted of an offence under this Act is liable to, (a)  in the case of an individual, (i)  on the first conviction, a fine of not more than $50,000 or imprisonment for a term of not more than two years less a day, or both, and (ii)  on each subsequent conviction, a fine of not more than $100,000 or imprisonment for a term of not more than two years less a day, or both; or (b)  in the case of a person or entity that is not an individual, (i)  on the first conviction, a fine of not more than $250,000, and (ii)  on each subsequent conviction, a fine of not more than $500,000. 2022, c. 21, Sched. 5, s. 5. Same, determining subsequent conviction (4.0.1) For the purpose of subsection (4), a conviction of a person or entity for an offence mentioned in subsection (1), (2) or (3) is a subsequent conviction if the person or entity has a previous conviction for an offence mentioned in any of those subsections. 2022, c. 21, Sched. 5, s. 5. Same, monetary benefit (4.1) In addition to any other penalty imposed by the court and despite the maximum fine referred to in subsection (4), the court that convicts a person or entity of an offence under this section may increase a fine imposed on the person or entity by an amount equal to the amount of the monetary benefit acquired by or that accrued to the person or entity as a result of the commission of the offence. 2022, c. 12, Sched. 3, s. 4. Limitation (5) No proceeding under this section shall be commenced more than two years after the facts upon which the proceeding is based first came to the knowledge of the Director. 2017, c. 33, Sched. 1, s. 71 (5). Section Amendments with date in force (d/m/y) 2022, c. 12, Sched. 3, s. 4 - 14/04/2022; 2022, c. 21, Sched. 5, s. 5 - 01/02/2023