5Approved dealers and approved lenders

5 Approved dealers and approved lenders

(2) The Corporation may, by instrument in writing, approve a person as a dealer, or as a lender, or as both, for the purposes of this Act. (3) The Corporation shall cause notice of the approval, or the revocation of the approval, of a person under this section to be published in the Gazette. (4) Notwithstanding the revocation, in whole or in part, of the approval of a person under subsection (2), the person shall continue to be either or both of the following, as the case requires, namely: (a) an approved dealer for the purposes of this Act in relation to any approved security that is the subject of a contract of insurance entered into under paragraph 17(2)(b) by the Corporation before the revocation; and (b) an approved lender for the purposes of this Act in relation to any loan that is the subject of a contract of insurance or re‑insurance entered into by the Corporation before the revocation.