jswizzle3737/ontario_laws_and_regs huggingface dataset:
Inquiry by Chief Executive Officer
 123. (1) If, as a result of receiving a complaint, the Chief Executive Officer addresses an inquiry to a credit union or an officer about the conduct of the credit union’s business, the credit union or officer shall promptly reply, in writing, to the inquiry. (2) If requested to do so by the Chief Executive Officer, the credit union shall give a copy of the Chief Executive Officer’s inquiry and the reply to each director of the credit union and the inquiry and reply shall form part of the minutes of the next board meeting. PART XVI   Administrative Penalties
PART XVI ADMINISTRATIVE PENALTIES
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Chief Executive Officer’s authority
 124. The Chief Executive Officer is authorized to determine the amount of a penalty imposed under section 269 of the Act, subject to the limits set out in section 271 of the Act.
Criteria for determining amount of penalty
 125. (1) The Chief Executive Officer shall consider only the following criteria when determining the amount of an administrative penalty to be imposed under section 269 of the Act for a purpose set out in subsection 268 (1) of the Act: 1. The degree to which the contravention or failure to comply was intentional, reckless or negligent. 2. The extent of the harm or potential harm to others resulting from the contravention or failure to comply. 3. The extent to which the person or entity tried to mitigate any loss or to take other remedial action. 4. The extent to which the person or entity derived or reasonably might have expected to derive, directly or indirectly, any economic benefit from the contravention or failure to comply. 5. Any other contraventions or failures to comply with a requirement established under the Act or with any other financial services legislation of Ontario or of any jurisdiction during the preceding five years by the person or entity. (2) If, after determining the amount of an administrative penalty, the Chief Executive Officer determines that the amount is, by its magnitude, punitive in nature having regard to all the circumstances, the Chief Executive Officer shall reduce the amount of the administrative penalty to an amount that is consistent with either or both of the purposes listed in subsection 268 (1) of the Act.
Deadline for paying penalties
 126. (1) A person or entity on whom a penalty has been imposed under section 269 of the Act shall pay the penalty no later than 30 days after the person or entity is given notice of the order imposing the penalty or such longer time as may be specified in the order. (2) If a person or entity requests a hearing on the notice of proposal to impose the order in accordance with subsection 269 (4) of the Act, the person or entity shall pay the penalty no later than 30 days after the matter is finally determined or such longer time as may be specified in the order. Part XVII   Extra-Provincial Credit Unions Registering
PART XVII EXTRA-PROVINCIAL CREDIT UNIONS
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Registering
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Application for registration
 127. An application for registration in the Extra-Provincial Credit Unions Register under clause 273 (6) (a) of the Act must be in a form approved by the Chief Executive Officer and include any materials requested by the Chief Executive Officer.
Condition for registration
 128. Only an entity that is incorporated as a credit union in a province or territory of Canada other than Ontario under legislation that is comparable to the Act may be registered in the Extra-Provincial Credit Unions Register under clause 273 (6) (a) of the Act. Business Powers
Limited activities
 129. The activities of an extra-provincial credit union registered under clause 273 (6) (a) of the Act are limited to participating in a syndicated loan. Special Rules
Special Rules
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Information required by the Chief Executive Officer
 130. Section 198 of the Act applies to an extra-provincial credit union registered under clause 273 (6) (a) of the Act.
Information required by Authority
 131. Section 199 of the Act applies to an extra-provincial credit union registered under clause 273 (6) (a) of the Act.
Fees
 132. Section 290 of the Act applies to an extra-provincial credit union registered under clause 273 (6) (a) of the Act. Mortgage Brokerages, Lenders and Administrators Act, 2006 133. An extra-provincial credit union registered under clause 273 (6) (a) of the Act is deemed to be a credit union for the purposes of the Mortgage Brokerages, Lenders and Administrators Act, 2006. Cancelling the Registration
Mortgage Brokerages, Lenders and Administrators Act, 2006
 133. An extra-provincial credit union registered under clause 273 (6) (a) of the Act is deemed to be a credit union for the purposes of the Mortgage Brokerages, Lenders and Administrators Act, 2006. Cancelling the Registration
Cancelling the Registration
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Cancellation of registration on request
 134. The Chief Executive Officer may cancel the registration of an extra-provincial credit union under clause 273 (6) (b) of the Act at the request of the extra-provincial credit union.
Cancellation of registration, Chief Executive Officer’s order
 135. (1) The Chief Executive Officer may make an order cancelling the registration of an extra-provincial credit union under clause 273 (6) (b) of the Act if, in the Chief Executive Officer’s opinion, one of the following conditions is satisfied: 1. The extra-provincial credit union is failing to comply with sections 129 to 132 of this Regulation. 2. The extra-provincial credit union is doing anything that constitutes a practice that might prejudice or adversely affect the interests of a member, depositor or shareholder of a credit union as defined in section 1 of the Act. 3. The extra-provincial credit union is not carrying on business or is not in operation. (2) Section 209 of the Act applies with respect to an order under this section. (3) The Chief Executive Officer shall set out the reasons for the Chief Executive Officer’s decision in the order. (4) The extra-provincial credit union that is subject to an order under this section may appeal the order to the Tribunal in accordance with section 212 of the Act.
Cancellation of registration, other jurisdiction
 136. The registration of an extra-provincial credit union under clause 273 (6) (a) of the Act is automatically and immediately cancelled if, (a) its incorporation in a province or territory of Canada other than Ontario has ceased; or (b) its registration as a credit union in a province or territory of Canada other than Ontario has ceased.
Effect of cancellation
 137. An extra-provincial credit union whose registration is cancelled must not participate in a syndicated loan in Ontario except to the extent necessary to wind up its participation in a syndicated loan in Ontario. Part XVIII (OMITTED) 138. Omitted (provides for amendments to this Regulation). 139. Omitted (provides for coming into force of provisions of this Regulation).  Français