Meetings and Proposals (Banks and Bank Holding Companies) Regulations

9 (1) For the purposes of paragraphs 143(5)(d), 144.1(8)(d) and 732(5)(d) of the Act, the prescribed minimum amount of support for a proposal is

• (a) if the proposal was introduced at one annual meeting, 3% of the total number of shares voted or 3% of the total number of members that voted if the bank is a federal credit union;

• (b) if the proposal was introduced at two annual meetings, 6% of the total number of shares voted at its last presentation or 6% of the total number of members that voted at its last presentation if the bank is a federal credit union; and

• (c) if the proposal was introduced at three or more annual meetings, 10% of the total number of shares voted at its last presentation or 10% of the total number of members that voted at its last presentation if the bank is a federal credit union.

(2) For the purposes of paragraphs 143(5)(d), 144.1(8)(d) and 732(5)(d) of the Act, the prescribed period is five years.