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.
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