Case card

Applicant 34 (Re), 2025 BCSRE 135

BCFSA issued a $1,000 penalty notice because a brokerage failed to submit its mandatory 2025 data call through IRIS despite reminders and an earlier written warning.

Source reviewed · Court holding

Held. BCFSA issued a $1,000 penalty notice because a brokerage failed to submit its mandatory 2025 data call through IRIS despite reminders and an earlier written warning.

BC's Superintendent of Real Estate issued a $1,000 penalty notice after Applicant 34's brokerage missed the March 31, 2025 deadline to submit its data call through the required IRIS portal, despite reminders and a warning following a missed 2024 deadline. The notice shows that regulators can penalize noncompliance with a prescribed reporting method, while preserving a 30 day opportunity to request reconsideration rather than deciding any later challenge.

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Source and further context BC Financial Services Authority, original public redacted regulatory notice ↗

Intelligence Law publishes commentary and information, not individualized legal advice. Legal rules and court procedure vary by jurisdiction and circumstances.

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