Meetings and Proposals (Banks and Bank Holding Companies) Regulations

5 For the purposes of subsections 143(1.4), 144.1(5) and 732(1.4) of the Act,

• (a) the bank or the bank holding company may request, within 14 days after it receives the person’s proposal, that the person provide the proof that they meet the requirements; and

• (b) the person shall provide the proof that they meet the requirements within 21 days after receiving the bank’s or the bank holding company’s request.