28.56. The Authority may designate a natural person or a group as a restricted party if, in its opinion, that person or group is likely to receive preferential treatment to the detriment of the authorized Québec deposit institution.
The Authority may review a designation at the request of the person or group designated or the deposit institution concerned.
Before making or refusing to review a designation, the Authority must give the natural person or group and the deposit institution concerned an opportunity to submit observations.
The Authority shall notify the person or group designated and the deposit institution concerned of its decision on the designation or the review request, as applicable.