Markets – Rules
Application
AUC enforcement staff (“Enforcement Staff”) and the Consumers’ Coalition of Alberta (“CCA”) applied for approval of a settlement agreement (“Settlement”) related to a disclosure of confidential information by the CCA in AUC Proceeding 27714 (the “Contravention”).
Decision
The AUC approved the Settlement, imposing a one-time penalty on the CCA of $2,500 for the Contravention.
Pertinent Issues
Enforcement Staff and the CCA engaged in discussions to resolve issues of fact, alleged contraventions and penalties arising from the Enforcement Staff’s investigation. In the Settlement, the CCA admitted to the Contravention and agreed to the imposition of the administrative penalty.
Applying its two-stage test regarding settlement agreements, the AUC approved the Settlement. The AUC was satisfied that the Contravention occurred and that the proposed settlement agreement is in the public interest. The AUC was satisfied that the proposed settlement would uphold the administration of justice and support the public interest.
