Bankruptcy means having declared bankruptcy, or been petitioned into bankruptcy, made an assignment, proposal or plan (including any Notice of Intention thereof) under any bankruptcy or insolvency legislation, been subject to or instituted any proceedings, arrangement or compromise with creditors, or had a receiver and/or receiver-manager appointed).
Business means any business of which you are or were a partner, officer, director or shareholder holding at least 10% of the voting shares.
Offence includes, without limitation, an offence under:
1. The Criminal Code (Canada)
2. Any other Act of the Legislature of a province or territory of Canada or an Act of Parliament, which includes allegations (explicitly or implicitly) of or relating to:
- Breach of trust;
- Other activities involving deceit or dishonesty for personal gain or advantage;
- The sale or trade of financial products and services; and/or
If charged with an Offence, a CFP professional shall immediately notify FPSC, in writing, and provide specifics in respect of the Offence.