46.3. The sponsor’s undertaking lapses if the foreign national on whose behalf he has given the undertaking:(a) does not qualify under this Regulation; or
(b) is not admitted as a permanent resident under the undertaking or as the holder under a temporary resident permit issued in accordance with section 24 of the Immigration and Refugee Protection Act (S.C. 2001, c. 27);
(c) does not obtain a selection certificate from Québec within 24 months following the date on which the form referred to in section 46.1 was signed.