In this section:
Other Powers
Effective October 1, 2009, DICO has the authority to issue specified compliance orders requiring a credit union to resolve specified weaknesses and deficiencies. In certain cases, DICO may also impose conditions of deposit insurance and administrative penalties. DICO has committed to administer these responsibilities in a fair and transparent manner, in accordance with established criteria.
Under the Act 
, DICO has a number of other powers that it may use as the circumstances require. These include the power to:
- Impose conditions of deposit insurance;
- Impose an administrative penalty for failure to perform specified requirements;
- Apply to the court to set aside a restricted party transaction; and
- Require a meeting of the directors of an Ontario credit union.