Deregistration — officers or members

(1) If the Chief Electoral Officer is not satisfied that a registered party is in compliance with subsection 395(1) or section 402, he or she shall, in writing, notify the party that it is required to

(a) show its compliance with subsection 395(1) within 60 days after the day on which the party receives the notice; or

(b) show its compliance with section 402 within 90 days after the day on which the party receives the notice.