With no explanation, label text_A→text_B with either "DON'T KNOW", "NO" or "YES".
text_A: The "Canada Elections Act" defines a political party as "an organization one of whose fundamental purposes is to participate in public affairs by endorsing one or more of its members as candidates and supporting their election." Forming and registering a federal political party are two different things. There is no legislation regulating the formation of federal political parties. Elections Canada stays out of a federal political party's decisions on how to be formed and how its legal, internal and financial structures are established.
text_B: Does a new Canadian political party have to consult legislative requirements when it is founded?
NO.