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The Tribunal

The Financial and Consumer Services Tribunal is an administrative tribunal created by the Financial and Consumer Services Commission Act [Act].  It has been in operation since July 1, 2013. The Tribunal has broad adjudicative powers that make it a quasi-judicial administrative tribunal, which includes several “court-like” powers.  The Tribunal is also granted powers under financial and consumer services legislation.  In addition, the Tribunal’s procedural rules, Local Rule 15-501 Proceedings before the Tribunal, grant it certain procedural powers.

Authority

The Tribunal’s general authority is set out in section 37 of the Act which states that the Tribunal may exercise any powers imposed on it under financial and consumer services legislation and shall perform any duties imposed on it under financial and consumer services legislation.


According to section 41 of the Act, the Tribunal may make an order under financial and consumer services legislation against a person despite the fact that the person’s registration, licence or permit has expired, been cancelled or been surrendered.

 

Pursuant to subsection 38(5) of the Act, the Tribunal may decide all questions of fact or law arising in the course of a hearing.  This includes determining whether it has the jurisdiction to hear a matter.


In addition to its procedural rules, the Tribunal’s hearing powers are detailed below.


What's New
June 27, 2017
Revised proposed Rules of Procedure
The Tribunal  is republishing for comment its revised proposed Rules of Procedure from June 28 to July 28, 2017. We welcome your comments.


Recent Decisions
February 17, 2017
Estabrooks v. New-Brunswick (Director of Consumer Affairs), 2017 NBFCST 2 (consumer affairs sector)

February 1, 2017
Armstrong v. Mutual Fund Dealers Association, 2017 NBFCST 1  (securities sector)

November 1, 2016
Estabrooks v. New Brunswick (Director of Consumer Affairs), 2016 NBFCST 11 (real estate sector)