127.0.2 (1) This section applies with respect to an agreement entered into between a person or company and a securities regulatory authority of another province or territory in Canada, as defined in subsection 127 (10), relating to, (a) a finding or an admission of a contravention by the person or company of the laws of that province or territory respecting securities or derivatives; or (b) a finding or an admission of conduct contrary to the public interest by the person or company. 2023, c. 21, Sched. 10, s. 7. Automatic application in Ontario (2) If a person or company is subject to a sanction, condition, restriction or requirement pursuant to an agreement described in subsection (1), the agreement has the same effect in Ontario and the sanction, condition, restriction or requirement imposed under that agreement applies in Ontario, without notice to the person or company and without an opportunity to be heard, as if the agreement had been made with the Commission with such modifications as the circumstances require, to the extent that the Tribunal has the power to impose a similar sanction, condition, restriction or requirement. 2023, c. 21, Sched. 10, s. 7. Public access to settlement agreements, etc. (3) The Commission shall, on its website, provide access to a publicly available source where the agreement that imposes the sanctions, conditions, restrictions or requirements that apply in Ontario under subsection (2) can be found. 2023, c. 21, Sched. 10, s. 7. Application for clarification (4) The Chief Executive Officer of the Commission or a person or company who is subject to an agreement described in subsection (1) may apply to the Tribunal for clarification of the application of subsection (2) in respect of an agreement described in subsection (1). 2023, c. 21, Sched. 10, s. 7. Same (5) After giving the Chief Executive Officer of the Commission and the person or company an opportunity to be heard on an application under subsection (4), the Tribunal may make an order concerning the application of subsection (2), and the Tribunal’s order is binding on the person or company and on the Commission. 2023, c. 21, Sched. 10, s. 7. Duty to comply (6) A person or company who is subject to sanctions, conditions, restrictions or requirements that apply in Ontario under subsection (2) shall comply with them and with any related order made under subsection (5). 2023, c. 21, Sched. 10, s. 7. Payment obligations excluded (7) A person or company is not liable, as a result of the operation of subsection (2), to pay to the Commission or to another person or company any amount that the person or company is liable to pay under the agreement. 2023, c. 21, Sched. 10, s. 7. Amendment, variation of agreement (8) If the agreement is amended or varied under the laws of the other province or territory, the sanctions, conditions, restrictions or requirements imposed under the agreement as amended or varied apply in Ontario under subsection (2). 2023, c. 21, Sched. 10, s. 7. Revocation, etc., of agreement (9) If the agreement is set aside, revoked or otherwise held to be of no effect pursuant to the laws of the other province or territory, the sanctions, conditions, restrictions or requirements that were imposed under it do not apply in Ontario under subsection (2). 2023, c. 21, Sched. 10, s. 7. No appeal (10) Sanctions, conditions, restrictions or requirements that apply in Ontario under subsection (2) and orders made by the Tribunal under subsection (5) are not subject to appeal under this Act. 2023, c. 21, Sched. 10, s. 7. Section Amendments with date in force (d/m/y) 2023, c. 21, Sched. 10, s. 7 - 04/12/2023