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ARTICLE · 27 FEBRUARY 2018

Prudent Investor Legislative Provisions Update - Fifth

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The provisions of the Municipal Act, 2001 regarding the new prudent investment powers have been proclaimed in force as at March 1, 2018.

CanadaGovernment, Public Sector
Heather Douglas
Heather Douglas
Susan Han
Susan Han
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The provisions of the Municipal Act, 2001 regarding the new prudent investment powers have been proclaimed in force as at March 1, 2018.  However, the new prudent investor regime will not be effective until relevant regulations are filed AND come into force. We expect that the regulations will be filed on or after March 1, 2018 but they may come into force on a later date – the City of Toronto prudent investor regulation came into force more than a year after it was filed. We will keep you posted.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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