There is a pseudoprocess in place that already exists within National Defence, and it's specific to something called a “battle honour”. A battle honour is a public recognition of a significant service event for a unit. There's an internal process involved. Units don't have to ask for it; it's automatic, following a conflict. A review is done internally within National Defence using criteria I don't know.
However, there is a criteria list. Recommendations are made to the chief of the defence staff to award a battle honour, if applicable, to a unit. One of the criteria is “active participation in battle against a formed and armed enemy”.
We received battle honours in November 1993. Why didn't National Defence reclassify us as wartime service veterans in 1993? The Governor General gave us a medal with a bar. The bar meant we actively participated during the hostilities. These things were done. Why didn't National Defence roll us over? It's because there is no process.
If you have a process to create a battle honour, awarding one would automatically flip you over. The reason I say this is that the only recipients of battle honours are wartime service veterans, with two exceptions: the Persian Gulf and Afghanistan.