(1) Where a financial institution is required by law to release the original of a document before the end of the minimum retention period applicable to the document, the institution shall retain a complete copy of the document until the period has ended or the original document is returned, whichever occurs first.
(2) A financial institution shall maintain a register of documents released under subsection (1).
(3) A financial institution that contravenes subsection (1) or (2) commits an offence and is liable, on summary conviction, to a fine of $50,000.