(1) This section applies if the Authority conducts an investigation under section 156 in relation to an accredited TUMRA held by a TUMRA holder.
Reasonable grounds not found
(2) If, as a result of the investigation, the Authority does not find reasonable grounds for modifying the condition or suspending the accreditation, it must:
(a) immediately remove the modification or suspension; and
(b) as soon as practicable after doing so, notify the TUMRA holder in writing that it has removed the modification or suspension.
Reasonable grounds found
(3) If, as a result of the investigation, the Authority finds reasonable grounds for modifying the condition or suspending the accreditation, it may, by written notice given to the TUMRA holder, take any of the following actions:
(a) continue the modification;
(b) continue the suspension;
(c) revoke the accreditation of the TUMRA.
The notice must include the reasons for continuing the modification or suspension, or revoking the accreditation.
When action must be taken by
(4) The Authority must take action under subsection (3) no later than 10 business days after it completes its investigation. If the Authority does not do so, the modification or suspension ceases to have effect at the end of that period.
Effect of taking action under subsection (3)
(5) If the Authority continues the modification or suspension, the following provisions apply:
(a) for the modification of a condition--the accreditation has effect as if it had been granted with the modified condition;
(b) for a suspension--the accreditation remains suspended for the period specified in the notice.
(6) If the Authority revokes the accreditation, the revocation takes effect on the day the Authority gives the notice to the TUMRA holder.