248. Application for appeal of decisions

Any person who is aggrieved by a decision of the Bank under paragraph 245(3)(b) or (e) may within twenty-one days after the person has been notified of the decision, appeal by filing a notice in writing to the Monetary Penalty Review Committee.

The decision of the Bank under paragraph 245(3)(b) or (e), as the case may be, shall not take effect until the appeal is disposed of.

The Monetary Penalty Review Committee may decide to confirm the decision of the Bank or require the Bank to reconsider and reach a decision in accordance with the findings of the