Termination notice
When there is termination of employment for a SAM authorized person, the Regulatory Division must be advised within a delay of ten (10) business days following the termination of employment. A form to this effect must be completed and sent directly to the Regulatory Division.
Failing to inform the Division of the termination of employment within the prescribed delay results into an administrative penalty:
| First occurrence (per late business day, for a maximum of $1,000) | $100 |
| Second occurrence in a same calendar year (per late business day, for a maximum of $2,500) | $250 |
| For any following occurrence in a same calendar year (per late business day, for a maximum of $5,000) | $500 |
Termination notice
Contacts
Regulatory Division
514 871-2424, ext. 461
reg@m-x.ca