A recent decision of the Ontario Court of Appeal upholding the Ontario Securities Commission power to impose administrative monetary penalties, or AMPs, of up to $1 million suggests that even higher AMPs provided for in the Competition Act would also be upheld. (The case is Rowan v. Ontario Securities Commission. For a summary of this decision, see How high is too high?) AMPs have become rampant in Canadian legislation in recent years (see Raising the AMPerage). Thus while this decision relates to securities law, it will be of interest to lawyers practising in other areas that provide for AMPs, notably, ... [more] Full article