The Superintendent of Financial Services proposed to refuse a service provider's licence to the applicant because its proposed principal representative had allegedly failed to fulfill regulatory duties for a previous employer.
The Financial Services Tribunal found that the representative had left the previous employer before the application naming her was filed, and she was unaware of the designation.
The Tribunal concluded she was not burdened with the responsibilities of a principal representative unknowingly and ordered the Superintendent to issue the licence.
