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E-6.1 - Act respecting the regulation of the financial sector
Section 115.15.16
Disposition versions
115.15.16. The term of a Tribunal member that has terminated because it has expired is renewed for five years according to the procedure provided for in section 115.15.17,
(1) unless the member is otherwise notified by the agent authorized for that purpose by the Government, at least three months before the expiry of the member’s term; or
(2) unless the member requests otherwise and so notifies the Minister at least three months before the expiry of the member’s term.
A variation of the term is valid only for a fixed period of less than five years determined in the instrument of renewal and, unless it is requested by the member for serious reasons, only if special circumstances stated in the instrument of renewal require it.
