The Role of the Discipline Committee
The Discipline Committee must:
- Hear the complaints filed by the syndic or by individuals against a member of the ChAD.
- Decide if the professional is guilty or not.
- Impose a sanction, if necessary.
These complaints must be made under the Act respecting the distribution of financial products and services or its regulations.
The Discipline Committee is chaired by a lawyer who has at least 10 years of experience and is named by the Minister of Finance. Three people at a time sit on the Discipline Committee, i.e.:
- the president, and
- two certified professionals of the same discipline as that of the respondent.
The Discipline Committee can impose disciplinary sanctions, from a mere reprimand to a fine, including a temporary or a permanent de-registration.