399. The federation shall inform the Authority and the board of directors of the credit union of the results of the inspection, and the board of supervision in respect of matters under its jurisdiction. It shall, in addition, transmit a copy of its inspection report to the Authority.
The inspection report provided for in the first paragraph must, in particular, state whether, in the opinion of the person making the inspection, the management practices adopted by the credit union as regards insider trading and conflicts of interest are adequate and if the credit union is in compliance with them.
The information and inspection report transmitted to the Authority under the first paragraph shall only concern matters within the Authority’s jurisdiction.
The federation shall also inform the security fund belonging to the cooperative group of the results of the inspection of the affairs of the credit unions.
2000, c. 29, s. 399; 2002, c. 45, s. 338; 2004, c. 37, s. 90; 2005, c. 35, s. 33; 2016, c. 72016, c. 7, s. 2141; 2018, c. 232018, c. 23, s. 2381.