Meetings and Proposals (Banks and Bank Holding Companies) Regulations

9 (1) For the purposes of paragraphs 143(5)(d) and 732(5)(d) of the Act, the prescribed minimum amount of support for a proposal is

• (a) 3% of the total number of shares voted if the proposal was introduced at an annual meeting;

• (b) 6% of the total number of shares voted at its last submission if the proposal was introduced at two annual meetings; and

• (c) 10% of the total number of shares voted at its last submission if the proposal was introduced at three or more annual meetings.

(2) For the purposes of paragraphs 143(5)(d) and 732(5)(d) of the Act, the prescribed period is five years.