§ 461 — CMOs must be licensed

461.—(1) It is an offence for a person to carry on business as a CMO —(a)

without a class licence; or

(b)

while under a cessation order.

(2) A person who commits an offence under subsection (1) shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 3 years or to both.

—(1) It is an offence for a person to carry on business as a CMO —(a)

without a class licence; or

(b)

while under a cessation order.

(2) A person who commits an offence under subsection (1) shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 3 years or to both.