Order: In the Matter of Joseph Debus

Order
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IN THE MATTER OF
JOSEPH DEBUS

Wendy Berman, Vice-Chair and Chair of the Panel

File No. 2019-16
October 22, 2021

ORDER

WHEREAS on October 22, 2021, the Ontario Securities Commission held a hearing by teleconference in relation to the motion brought by Joseph Debus (Debus) for a stay of the decisions of the Investment Industry Regulatory Organization of Canada (IIROC) dated March 18, 2019 and June 25, 2019 (the IIROC Decisions) pending the disposition of the appeal at Divisional Court (the Stay Motion);

ON READING the Motion and on hearing the submissions of the representatives for Debus, Staff of IIROC and Staff of the Commission;

IT IS ORDERED THAT:

  1. the IIROC Decisions are stayed pending the disposition of the Stay Motion, or further order of the Commission;
  2. pursuant to section 5.1 of the Statutory Powers Procedure Act, RSO 1990, c S.22 and Rule 23(3) of the Commission’s Rules of Procedure and Forms, (2019) 42 OSCB 9714, the Stay Motion will be heard in writing; and
  3. the parties shall adhere to the following timeline for the delivery of materials for the Stay Motion:
    1. Debus shall serve and file motion materials and a memorandum of fact and law by 4:30 p.m. on October 29, 2021;
    2. IIROC Staff shall serve and file any responding motion materials and a memorandum of fact and law by 4:30 p.m. on November 5, 2021; and
    3. Staff of the Commission shall serve and file a memorandum of fact and law by 4:30 p.m. on November 8, 2021.

 

“Wendy Berman”
Wendy Berman