An appeal by Global Securities from a decision of the Securities Exchange Commission Panel was dismissed. Although the Hearing Panel itself could not make submission on the merits of its own decision, the Exchange was not precluded from doing so. The Commission’s decision on standing was reasonable, as it was based on the principle that the decision directly affected the Exchange, as it engaged one of the Exchange’s primary functions, the prosecution of infractions.
Administrative law – Stock brokers – Decisions of administrative tribunals – Securities Commission – Review of a decision of its own disciplinary panel – Hearings – Parties – Judicial review – Compliance with legislation – Standard of review – Reasonableness simpliciter Global Securities Corp. v. British Columbia (Executive Director, Securities Commission), [2006] B.C.J. No. 2075, British Columbia Court ...