(1) A reporting transfer certificate comes into force on the day specified in the certificate as the day on which the certificate is to come into force (the start day ).
(2) The start day may be earlier than the day on which the certificate is issued, so long as:
(a) the start day occurs in:
(i) the same financial year as the day on which the certificate is issued; or
(ii) the financial year preceding the financial year in which the certificate is issued; and
(b) each of the following has consented to the specification of the start day:
(i) the applicant;
(ii) if a controlling corporation consented under subsection 22K(3) to the making of the application for the certificate--the controlling corporation.
(3) A reporting transfer certificate remains in force until:
(a) a surrender of the certificate takes effect under section 22N; or
(b) the certificate is cancelled under section 22P.