What are the penalties if a regulated dealer do not renew registration in time before it expires?
It is an offence to act as or hold out to be a regulated dealer without being registered.
A person convicted of this offence is liable to a fine not exceeding $75,000 or to imprisonment for a term not exceeding 3 years or to both. In the case of a continuing offence, that person will be liable to a further fine not exceeding $7,500 for every day or part of a day during which the offence continues after conviction.
This information is sourced from MLAW
Related questions
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I wish to migrate to a Class B registration but why are my registration fees raised when I am selling the same products?
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