Final answer:
OMVIC can refuse, revoke, or suspend registration to a dealer, salesperson, or corporation if the financial responsibility or past conduct of an "interested person" indicates reasonable grounds for it.
Step-by-step explanation:
OMVIC, which stands for Ontario Motor Vehicle Industry Council, has the authority to refuse, revoke, or suspend registration to a dealer, salesperson, or corporation if the financial responsibility or past conduct of an "interested person in respect of the applicant/registrant" gives reasonable grounds for it.
An "interested person" can include immediate family members, shareholders, legal advisors, and other individuals who have a significant interest in the applicant/registrant's business.
For example, if a dealer's immediate family member has a history of fraudulent activities in the car industry, OMVIC may consider that person an "interested person" and take action against the dealer's registration.