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I-13.2.2 - Deposit Institutions and Deposit Protection Act
Section 30.7
Disposition versions
30.7. On receipt of a notice referred to in the first paragraph of section 30.1 or, if the Authority receives it before the expiry of the period specified in that section, not later than 30 days before an operation provided for in that paragraph, the Authority shall publish the notice in its bulletin and review the authorization it has granted to the deposit institution to determine whether it can be maintained.
The Authority may, to maintain its authorization, require any undertaking it considers necessary to ensure compliance with this Act.
A notice of intention to carry out an acquisition or transfer of assets having a significant effect on an authorized Québec deposit institution is not published.
30.7. On receipt from an authorized deposit institution of a notice of intention to carry out one or more operations giving rise to a review mentioned in section 29 and, if applicable, the required documents, costs and fees, the Authority shall publish the notice in its bulletin and review the authorization it has granted to the deposit institution to determine whether it can be maintained.
The Authority may, to maintain its authorization, require any undertaking it considers necessary to ensure compliance with this Act.
A notice of intention to carry out an acquisition or transfer of assets having a significant effect on an authorized Québec deposit institution is not published.
