Canada Deposit Insurance Corporation Differential Premiums By-law

12 (1) A member institution shall be classified in premium category 4 if it

• (a) has submitted a Reporting Form in accordance with paragraph 15(4)(a) or 16(2)(a), as the case may be, but has not, before July 1 of the filing year, submitted audited financial statements and a revised Reporting Form or a declaration that the audited financial statements confirm the information set out in the Reporting Form and no modifications are required to be made to the Reporting Form or to the returns and documents referred to in paragraphs 15(1)(c) and (e), as previously submitted; or

• (b) has not, by April 30 of the filing year, submitted the declaration referred to in paragraph 7(1)(b) or the documents required by paragraphs 15(1)(a) to (c) and (e) or section 16.

(2) [Repealed, SOR/2019-43, s. 9]

(3) Subsection (1) does not apply to a member institution referred to in subsection 7(2.1).