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C-67.3 - Act respecting financial services cooperatives

Section 443
Disposition versions

Full text
443. Where the Authority considers that the capital of a network is not adequate to ensure its sustainability, the Authority may order the federation to adopt to the Authority’s satisfaction, within the time prescribed and for the reasons indicated by the Authority, a compliance program for the federation and the credit unions.
Before exercising the powers set out in the first paragraph, the Authority shall notify the federation and give it an opportunity to present observations.
2000, c. 29, s. 443; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2018, c. 23, s. 269.
443. Where the Authority considers that the capital base of a network is inadequate, the Authority may order the federation to adopt to the Authority’s satisfaction, within the time prescribed and for the reasons indicated by the Authority, a compliance program for the federation and the credit unions.
Before exercising the powers set out in the first paragraph, the Authority shall notify the federation and give it an opportunity to present observations.
2000, c. 29, s. 443; 2002, c. 45, s. 338; 2004, c. 37, s. 90.
443. Where the Agency considers that the capital base of a network is inadequate, the Agency may order the federation to adopt to the Agency’s satisfaction, within the time prescribed and for the reasons indicated by the Agency, a compliance program for the federation and the credit unions.
Before exercising the powers set out in the first paragraph, the Agency shall notify the federation and give it an opportunity to present observations.
2000, c. 29, s. 443; 2002, c. 45, s. 338.
443. Where the Inspector General considers that the capital base of a network is inadequate, the Inspector General may order the federation to adopt to the Inspector General’s satisfaction, within the time prescribed and for the reasons indicated by the Inspector General, a compliance program for the federation and the credit unions.
Before exercising the powers set out in the first paragraph, the Inspector General shall notify the federation and give it an opportunity to present observations.
2000, c. 29, s. 443.
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