Powers of the board
13.0.8 (1) The board of directors has the power to govern and regulate,  (a) the exchange; (b) the partnership and corporate arrangements of the members of the continued Corporation and other persons or companies authorized to trade by the exchange, including requirements as to financial condition; (c) the business conduct of members of the continued Corporation and other persons or companies authorized to trade by the exchange and of their current and former directors, officers, employees and agents and other persons or companies currently or formerly associated with them in the conduct of business, but only in respect of their business conduct while employed or associated with a member of the continued Corporation; and (d) the business conduct of former members of the continued Corporation and other persons or companies formerly authorized to trade by the exchange and of their current and former directors, officers, employees and agents and other persons or companies currently or formerly associated with them in the conduct of business, but only in respect of their business conduct while a member of the continued Corporation or while employed or associated with a member of the continued Corporation. By-laws, etc. (2) In the exercise of the powers set out in subsection (1) and in addition to its power to pass by-laws under the Business Corporations Act, the board of directors may pass by-laws, make or adopt rulings, policies, rules and regulations and issue orders and directions as it considers necessary, including the imposition of penalties and forfeitures for the breach of any such by-law, ruling, policy, rule, regulation, order or direction. Immediate restriction or suspension (3) If the board of directors orders the restriction or suspension of the privileges of any person or company before a hearing of the matter is held, the order shall provide that the restriction or suspension shall be imposed only where the board of directors considers it necessary for the protection of the public interest and that the restriction or suspension shall expire 15 days after the date on which the order was made unless a hearing is held within that period of time to confirm or set aside the order. Delegation of powers (4) The board of directors may by order delegate to one or more persons, companies or committees the power of the board of directors, (a) to consider, hold hearings and make determinations regarding applications for any acceptance, approval, registration or authorization and to impose terms and conditions on any such acceptance, approval, registration or authorization; (b) to investigate and examine the business conduct of members of the continued Corporation, former members of the continued Corporation and other persons or companies referred to in clauses (1) (c) and (d); and (c) to hold hearings, make determinations and discipline members of the continued Corporation, former members of the continued Corporation and other persons or companies referred to in clauses (1) (c) and (d) in matters related to business conduct. Same (5) A delegation made under subsection (4) may provide that it is subject to specified limitations, restrictions, conditions and requirements. Transition (6) Any by-laws or rulings made, policies, rules or regulations adopted and orders or directions issued by the Corporation under section 10 of this Act, as it reads on the day before the
More Tax Cuts for Jobs, Growth and Prosperity Act, 1999 receives Royal Assent, continue in force, with necessary modifications, until amended or repealed or revoked by the continued Corporation. Same (7) Any consideration, hearing, investigation or examination begun under section 10 of this Act, as it reads on the day before the More Tax Cuts for Jobs, Growth and Prosperity Act, 1999
receives Royal Assent, may be continued under this section and the continued Corporation stands in the place of the Corporation with respect to such matter.  1999, c. 9, s. 225. Section Amendments with date in force (d/m/y) 1999, c. 9, s. 225 - 14/12/1999