Review for the withdrawal of a condition or restriction (ss. 28.84 to 28.86 DIDPA)
Application
This section is for authorized deposit institutions seeking to have a condition or restriction attached to its authorization withdrawn.
Deposit institution’s application for review of its authorization
The application for review must specify the condition or restriction the deposit institution wishes to have withdrawn and the reasons for the withdrawal (s. 28.85, 1st par. DIDPA) as well as any other information prescribed by regulation of the AMF (28.85, 2nd par. DIDPA).
The costs and fees prescribed by government regulation must also be filed with the application (s. 28.85, 2nd par. DIDPA).
The provisions applicable to deposit institutions that apply for review of their authorization are found in sections 28.84 to 28.86 of the Deposit Institutions and Deposit Protection Act 
This link will open in a new window (DIDPA) CQLR, c. I-13.2.2.
Checklists
The following checklists describe the information to be included and documents to be enclosed with the application for the review of authorization.
Information to be included in the deposit institution’s application for review of its authorization
| Information/Documents | Source | Clarification by the AMF |
|---|---|---|
| 1. The condition or restriction the deposit institution wishes to have withdrawn | s. 28.85, 1st par. DIDPA | n/a |
| 2. The rationale for the withdrawal | s. 28.85, 1st par. DIDPA | n/a |
| 3. Any other information prescribed by regulation of the AMF | s. 28.85, 2nd par. DIDPA | No information required by regulation |
Documents to be enclosed with the deposit institution’s application for review of authorization
| Information/Documents | Source | Clarification by the AMF |
|---|---|---|
| 1. The costs and fees prescribed by government regulation | s. 28.85, 2nd par. DIDPA | n/a |
Review of authorization
On receipt of the application and the required information, the AMF reviews the authorization to determine whether or not it may grant the application (s. 28.86, 1st par. DIDPA). The AMF may, in withdrawing a condition or restriction, require any undertaking it considers necessary to ensure compliance with the Act (s. 28.86, 2nd par. DIDPA). The AMF may also maintain the authorization as is, attach certain conditions or restrictions to it, or revoke or suspend it (s. 28.82, 2nd par. DIDPA).
When the AMF rules on an application for review filed by an authorized deposit institution, it sends the institution a document justifying its decision (s. 28.86, 3rd par. DIDPA).
Fees and costs payable
Refer to the complete list of fees and costs payable to the AMF for more information.
Processing time
Except in specific circumstances, the AMF will rule on an authorized deposit institution’s application for review within 90 days from the date the application is complete.