127.0.1 (1) This section applies with respect to an order made by a securities regulatory authority of another province or territory in Canada, as defined in subsection 127 (10), if, (a) the order imposes sanctions, conditions, restrictions or requirements on a person or company; and (b) the order arose as a result of 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 a finding or an admission of conduct contrary to the public interest. 2023, c. 21, Sched. 10, s. 7. Automatic application in Ontario (2) The order made by the securities regulatory authority of the other province or territory applies in Ontario, without notice to the person or company and without an opportunity to be heard, as if the order were made by the Tribunal with such modifications as the circumstances require, to the extent that the Tribunal or the Commission has the power to impose a similar sanction, condition, restriction or requirement. 2023, c. 21, Sched. 10, s. 7. Public access to orders (3) The Commission shall, on its website, provide access to a publicly available source where orders 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 directly affected by an order described in subsection (1) may apply to the Tribunal for clarification of the application of subsection (2) in respect of an order 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 imposed in an order that applies in Ontario under subsection (2) shall comply with the order 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 order made by the securities regulatory authority of the other province or territory. 2023, c. 21, Sched. 10, s. 7. Amendment, variation of original order (8) If the order made by the securities regulatory authority of the other province or territory is amended or varied under the laws of that province or territory, the order as amended or varied applies in Ontario under subsection (2). 2023, c. 21, Sched. 10, s. 7. Revocation, etc., of original order (9) If the order made by the securities regulatory authority of the other province or territory is overturned, vacated, revoked or otherwise held to be of no effect pursuant to the laws of that province or territory, the order does not apply in Ontario under subsection (2). 2023, c. 21, Sched. 10, s. 7. No appeal (10) Orders 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