(a) 5 percentage points in excess of the significant interest of the pers
on in that class of shares or in membership shares of
the federal credit union on the day of the most recent purchase or other acquisition by the person or any entity controlled by the person, other than the entity referred to in subsection (1), of shares of that class of shares, or of membership shares, of the federal credit union, or of control of an entity that held shares of that class of shares, or membership shares, of the federal credit union, for which ap
...[+++]proval was given by the Minister, and