The Superintendent of Financial Services issued a Notice of Proposal to revoke the mortgage broker and agent licences of the applicants.
The applicants requested a hearing, but their licences expired before the hearing took place and were not renewed.
The Chief Executive Officer of FSRA brought a motion arguing that the Tribunal no longer had jurisdiction to revoke the expired licences.
The Tribunal agreed, finding that the Notice of Proposal had become moot, and dismissed the proceedings pertaining to the individual applicants.
