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ARTICLE · 15 DECEMBER 2021

Why Applications To A Regulated Industry Are Not As Simple As They Seem

Fogler, Rubinoff LLP
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Ontario does a very good job regulating certain business sectors in order to ensure a fair marketplace and consumer protection.

CanadaFinance and Banking
Justin Jakubiak
Justin Jakubiak
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Introduction

Ontario does a very good job regulating certain business sectors in order to ensure a fair marketplace and consumer protection. Three of Ontario's most common regulated industries are motor vehicle sales, governed by the Motor Vehicle Dealers Act and the Ontario Motor Vehicle Industry Council ("OMVIC"); real estate sales, governed by the Real Estate and Business Brokers Act and the Real Estate Council of Ontario ("RECO"), and; cannabis sales, governed by the Cannabis Licence Act and the Alcohol and Gaming Commission of Ontario ("AGCO"), which also governs liquor licencing.

Each of these industries have their own set of gate-keeping processes designed to ensure that only individuals who meet the minimum requirements obtain the privilege of registration. Typically, the first step in the process of registration is submitting a detailed application to the relevant administrative authority for registration.

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