29 (1) The registration of a person or company in a particular category of registration is suspended if any of the following events occurs: 1. A fee imposed on the person or company under this Act or the regulations relating to a particular category of registration of the person or company remains unpaid more than 30 days after the day it is due. 2. The membership of the person or company in a self-regulatory organization is suspended or terminated if, i. the membership of the person or company relates to the particular category of registration, and ii. the membership of the person or company is a condition of registration under Ontario securities law. 3.  The approval by a self-regulatory organization of the person as a representative of a registered dealer is revoked or suspended by the self-regulatory organization if, i. the approval of the representative relates to the particular category of registration in which the representative is registered under Ontario securities law, and ii. the membership of the dealer in the self-regulatory organization is a condition of the dealer’s registration under Ontario securities law.  2009, c. 18, Sched. 26, s. 4. Automatic suspension, representatives of suspended dealer or adviser (2) A registered representative’s registration in a particular category with respect to a particular registered dealer or registered adviser is suspended when the corresponding category of registration of that dealer or adviser is suspended.  2009, c. 18, Sched. 26, s. 4. Automatic suspension, representative ceasing to represent registrant (3) The registration of a representative with respect to a registrant that is a registered dealer, registered adviser or registered investment fund manager is suspended at the time the representative ceases, by reason of any of the following events, to have the authority to act on behalf of the registrant in a capacity that requires the representative to be registered: 1. The employment of the representative by the registrant is terminated. 2. The representative’s employment functions change. 3. The partnership or agency relationship of the representative with the registrant changes or is terminated.  2009, c. 34, Sched. S, s. 3 (1); 2010, c. 1, Sched. 26, s. 3; 2019, c. 7, Sched. 55, s. 4. Automatic suspension, chief compliance officer or ultimate designated person (4) The registration of an individual as a chief compliance officer or ultimate designated person is suspended at the time the individual ceases to be the chief compliance officer or ultimate designated person of the registered dealer, registered adviser or registered investment fund manager that designated the individual.  2009, c. 18, Sched. 26, s. 4. Revocation after automatic suspension (5) The registration of a person or company that is suspended under subsection (1), (2), (3) or (4) and not reinstated is revoked on the second anniversary of the suspension.  2009, c. 18, Sched. 26, s. 4. Exception (6) Despite subsection (5), if a proceeding is commenced under section 122 or 128 or under the rules of a self-regulatory organization with respect to a registrant, or a hearing is commenced under section 127 with respect to the activities of the registrant, the registrant’s registration continues to remain suspended until an order has been made by the court or a decision is made by the Tribunal or self-regulatory organization in the proceeding or hearing.  2009, c. 34, Sched. S, s. 3 (2); 2021, c. 8, Sched. 9, s. 40 (22). Section Amendments with date in force (d/m/y) 1994, c. 11, s. 361 - 11/07/1994 2009, c. 18, Sched. 26, s. 4 - 28/09/2009; 2009, c. 34, Sched. S, s. 3 (1, 2) - 15/12/2009 2010, c. 1, Sched. 26, s. 3 - 18/05/2010 2019, c. 7, Sched. 55, s. 4 - 29/05/2019 2021, c. 8, Sched. 9, s. 40 (22) - 29/04/2022