Employment Insurance Regulations

70 Where an employer makes an initial application for a reduction of the employer's premium in respect of a category of insured persons covered by a plan that is a qualifying plan under subsection 67(3), and where under section 72 an officer of the Commission has decided that the employer meets the requirements for a premium reduction under this Part, the effective date of the reduction established under subsection 62(1) is

• (a) the first day of the month following the month in which the application is made, where the application is made on or before the 15th day of that month; or

• (b) the first day of the second month following the month in which the application is made, where the application is made after the 15th day of that month.