The Superintendent of Financial Services v. Sussman Mortgage Funding Inc.

The Superintendent of Financial Services v. Sussman Mortgage Funding Inc.

The Divisional Court erred as a matter of law by substituting a penalty without giving reasons and by not ensuring Sussman had an opportunity to make submissions on penalty; the appropriate remedy is to remit the matter to a differently constituted Tribunal to determine penalty based on the Tribunal's findings of...

Source-derived case information.

Citation
C43248
Parties
Appellant: The Superintendent of Financial Services; Respondent: Sussman Mortgage Funding Inc.
Court
Court of Appeal for Ontario
Jurisdiction
Canada
Judgment Date
10 November 2005
Procedural Posture
Civil Appeal From Divisional Court (administrative/tribunal Penalty) / Appeal to Court of Appeal; Matter Remitted to Tribunal for Penalty Determination
Outcome
Appeal allowed in part; Divisional Court's substitution of penalty vacated; matter remitted to a differently constituted Tribunal for penalty determination; costs awarded to appellant.
Legal Topics
Procedural Fairness, Reasons for Decision, Remittal to Tribunal, Penalty Assessment, Licence Revocation
Source Language
en
Administrative Law Regulatory Law Financial Services Regulation Licensing Judicial Review/appeal Procedural Fairness Reasons for Decision Remittal to Tribunal +2 more

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Parties

The Superintendent of Financial Services

Appellant

Sussman Mortgage Funding Inc.

Respondent

Procedural Posture

Civil Appeal From Divisional Court (administrative/tribunal Penalty) / Appeal to Court of Appeal; Matter Remitted to Tribunal for Penalty Determination

  1. 1 Whether the Tribunal failed to give Sussman an opportunity to make submissions on penalty after findings of misconduct
  2. 2 Whether the Divisional Court erred by substituting a penalty without providing reasons
  3. 3 Whether the matter should be remitted to the Tribunal to determine penalty

Ratio Decidendi

The Divisional Court erred as a matter of law by substituting a penalty without giving reasons and by not ensuring Sussman had an opportunity to make submissions on penalty; the appropriate remedy is to remit the matter to a differently constituted Tribunal to determine penalty based on the Tribunal's findings of August 8, 2002, with liberty to hear further evidence.

Court Disposition

Appeal allowed in part; Divisional Court's substitution of penalty vacated; matter remitted to a differently constituted Tribunal for penalty determination; costs awarded to appellant.

Orders

  • Vacate Divisional Court order substituting penalty.
  • Remit matter to a differently constituted Tribunal to determine penalty based on the Tribunal's findings of August 8, 2002, with the Tribunal at liberty to hear any evidence relevant to penalty including events after August 8, 2002.