Document ID: chunk:federal_register_of_legislation:C2024C00572:section:22n
Version: federal_register_of_legislation:C2024C00572
Segment Type: section
Provision Reference: s 22N
Character Range: 85848–86652

22N  Surrender of reporting transfer certificate

Scope
 (1) This section applies if a corporation is the holder of a reporting transfer certificate in relation to a facility.

Surrender
 (2) The corporation may, with the written consent of the Regulator, surrender the certificate.
 (3) The surrender takes effect when the consent is given by the Regulator.

Consent to surrender
 (4) The Regulator must not consent to the surrender of the certificate unless:
 (a) if a controlling corporation consented under subsection 22K(3) to the making of the application for the certificate—the controlling corporation has agreed to the surrender of the certificate; and
 (b) the Regulator is satisfied that there are special circumstances that warrant the giving of consent to the surrender of the certificate.