What are the penalties for failure to comply with the Act?
The Act provides for significant monetary administrative penalties. For example, the AMF may impose a penalty of $1,000 for each day the statement is filed late. It may also impose a penalty of $10,000 for each day the enterprise refuses or neglects to comply with an order imposed under the Act. In addition, fines for penal offences under the Act can be as high $250,000.
For more information please consult the general framework This link will open in a new window for the application of administrative monetary penalties.