80. Failure to comply with remedial actions
A licensed financial institution, its affiliate, or any director, officer, employee or significant shareholder of a licensed financial institution who fails to comply with any requirement or contravenes any prohibition imposed on the licensed financial institution under this Part commits an offence and is liable on summary conviction —
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(a) in the case of the licensed financial institution or its affiliate, to a fine of $100,000, and in the case of a continuing offence, to a further penalty of $10,000 for each day on which the offence is continued after conviction;
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(b) in the case of any individual specified in this section, to a fine of $50,000 and in the case of a continuing offence, to a further penalty of $5,000 for each day on which the offence is continued after conviction.