Section 66C of the Principal Act is amended -

(a) by the substitution of the following subsection for subsection (1):

"(1) A credit union shall submit an annual compliance statement to the Bank certifying its compliance with the requirements of this Part and the regulations, if any, made in respect of a matter to be prescribed under this Part by the Bank.",

and

(b) by the insertion of the following subsection after subsection (1):

"(1A) The Bank may prescribe the form and content of the annual compliance statement referred to in subsection (1).".