Canada Deposit Insurance Corporation Differential Premiums By-law

16 (1) Notwithstanding section 15 and subject to section 18, a member institution that has been formed by an amalgamation involving one or more member institutions that occurred after April 30 of the year preceding the filing year and on or before April 30 of the filing year and that does not have a fiscal year ending in the year preceding the filing year shall submit to the Corporation not later than April 30 of the filing year a list of its subsidiaries that are member institutions and

• (a) for each amalgamating member institution that has a fiscal year ending in the year preceding the filing year, the documents referred to in subsection 15(1) other than the list referred to in paragraph 15(1)(b); and

• (b) for each amalgamating member institution that does not have a fiscal year ending in the year preceding the filing year

  • (i) its audited financial statements prepared as of the day preceding the date of amalgamation, and

  • (ii) the Reporting Form and the returns referred to in paragraph 15(1)(c) or (d) and the documents referred to in paragraph 15(1)(e), which returns and documents must consist of information that is based on and consistent with the audited financial statements referred to in subparagraph (i), and must be based on consolidated financial information as of the day preceding the date of amalgamation.

(2) If an amalgamating member institution referred to in subsection (1) has not issued audited financial statements by April 30 of the filing year, the amalgamated member institution shall submit to the Corporation for that amalgamating member institution

• (a) within the time required by subsection (1), the Reporting Form and the returns and documents required to be submitted by that subsection, which returns and documents must consist of information that is based on that institution’s unaudited financial statements; and

• (b) not later than July first of the filing year, that institution’s audited financial statements and

  • (i) provide the Corporation with a declaration that the audited financial statements confirm the information that was previously provided and that no modifications are required to be made to the Reporting Form or to the returns and documents referred to in paragraphs 15(1)(c) to (e) as previously submitted, or

  • (ii) submit a revised Reporting Form and the returns and documents referred to in paragraphs 15(1)(c) to (e) in revised form if they have been revised to conform with the audited financial statements.