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The British Columbia Financial Services Authority and a licensee can agree to a ____ ____, forgoing (omitting) the need for a full discipline hearing.

A. Consent Order
B. Regulatory Waiver
C. Discipline Accord
D. Legal Arbitration

1 Answer

2 votes

Final answer:

The correct answer is A. Consent Order. It's an agreement that avoids a full discipline hearing by having a licensee agree to conditions or actions proposed by the British Columbia Financial Services Authority.

Step-by-step explanation:

The British Columbia Financial Services Authority and a licensee can agree to a Consent Order, forgoing the need for a full discipline hearing. The correct answer to your question is A. Consent Order. A Consent Order is a legal agreement between a regulatory authority, such as the British Columbia Financial Services Authority, and a licensee which typically involves the licensee agreeing to meet certain conditions or to undertake certain actions without admitting to allegations or going through a discipline hearing. Opting for a Consent Order can save time and resources for both the regulatory body and the licensee.