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C-67.3 - Act respecting financial services cooperatives

Section 266
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Full text
266. The board of supervision shall report its observations to the board of directors and may, if it considers it appropriate, submit recommendations.
The board shall also report its observations to the board of ethics and professional conduct of the federation.
The board of ethics and professional conduct of the federation must also be notified, as soon as practicable, of any cases where the rules of ethics and professional conduct were not observed. In the case of a credit union that is not a member of a federation, the Authority must be notified.
2000, c. 29, s. 266; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2005, c. 35, s. 16.
266. The board of audit and ethics shall report its observations to the board of directors and may, if it considers it appropriate, submit recommendations.
The board shall also report its observations to the board of ethics of the federation. The observations may pertain to the measures taken by the credit union to ensure that the standards applicable to it are complied with.
The board of ethics of the federation must also be notified, as soon as practicable, of any cases where the rules of ethics were not observed. In the case of a credit union that is not a member of a federation, the Authority must be notified.
2000, c. 29, s. 266; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
266. The board of audit and ethics shall report its observations to the board of directors and may, if it considers it appropriate, submit recommendations.
The board shall also report its observations to the board of ethics of the federation. The observations may pertain to the measures taken by the credit union to ensure that the standards applicable to it are complied with.
The board of ethics of the federation must also be notified, as soon as practicable, of any cases where the rules of ethics were not observed. In the case of a credit union that is not a member of a federation, the Agency must be notified.
2000, c. 29, s. 266; 2002, c. 45, s. 338.
266. The board of audit and ethics shall report its observations to the board of directors and may, if it considers it appropriate, submit recommendations.
The board shall also report its observations to the board of ethics of the federation. The observations may pertain to the measures taken by the credit union to ensure that the standards applicable to it are complied with.
The board of ethics of the federation must also be notified, as soon as practicable, of any cases where the rules of ethics were not observed. In the case of a credit union that is not a member of a federation, the Inspector General must be notified.
2000, c. 29, s. 266.
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