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I-13.2.2, r. 1 - Regulation respecting the application of the Deposit Institutions and Deposit Protection Act
Section 17
Disposition versions
17. Where the premium calculated under section 15 does not exceed half the premium that would have been payable for the full accounting period for premiums, it must be paid to the Authority within 75 days following the end of the month during which the deposit institution becomes an authorized deposit institution.
Where the premium calculated under section 15 exceeds half the premium that would have been payable for the full accounting period for premiums, the amount equal to half the premium must be paid to the Authority within 75 days following the end of the month during which the deposit institution becomes an authorized deposit institution and the balance not later than on 15 December of the current accounting period.
17. Where the premium calculated under section 15 does not exceed half the premium that would have been payable for the full accounting period for premiums, it must be paid to the Authority within 75 days following the end of the month during which the institution becomes a registered institution.
Where the premium calculated under section 15 exceeds half the premium that would have been payable for the full accounting period for premiums, the amount equal to half the premium must be paid to the Authority within 75 days following the end of the month during which the institution becomes a registered institution and the balance not later than on 15 December of the current accounting period.
