National Security Review of Investments Regulations

Marginal note:Order for review

4 For the purposes of subsection 25.3(1) of the Act, the prescribed period is

• (a) if the Minister sends a notice referred to in subsection 25.2(1) of the Act to the non-Canadian, the period beginning on the day on which the notice is sent and ending 45 days after that day; or

• (b) if the Minister does not send a notice referred to in subsection 25.2(1) of the Act to the non-Canadian

  • (i) in respect of an investment referred to in section 11 of the Act, the period beginning on the day on which the investment first comes to the Minister’s attention and ending 45 days after the certified date referred to in subsection 13(1) of the Act,

  • (ii) in respect of an investment referred to in section 14 of the Act, the period beginning on the day on which the investment first comes to the Minister’s attention and ending 45 days after the certified date referred to in subsection 18(1) of the Act, and

  • (iii) in respect of an investment referred to in paragraph 25.1(c) of the Act, the period beginning on the day on which the investment first comes to the Minister’s attention and ending on the earlier of

    • (A) 45 days after the day on which the required information set out in the schedule, or reasons for the inability to provide any part of the required information, has been received by the Minister, as certified by the Minister, and

    • (B) 5 years after the day on which the investment is implemented.