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I-13.2.2 - Deposit Institutions and Deposit Protection Act
Section 40.0.5
Disposition versions
40.0.5. (Repealed).
2009, c. 58, s. 17; 2018, c. 232018, c. 23, s. 3691.
40.0.5. The Authority may also order a registered institution to cease a course of action or to implement measures specified by the Authority if, in its opinion, the registered institution is not complying with a provision of this Act, a regulation or a written instruction.
At least 15 days before issuing an order, the Authority shall notify the registered institution concerned as prescribed in section 5 of the Act respecting administrative justice (chapter J-3), stating the grounds which appear to justify the order, the date on which the order is to take effect and the right of the institution to submit observations.
