The Changing Landscape of Municipal Investment Powers

The Changing Landscape of Municipal Investment Powers
The Province of Ontario recently made significant changes to municipal legislation and regulations with respect to investment powers for Ontario municipalities. Join us as we discuss the changes to investment powers that will affect you.

Section 418.1, which has recently come into effect, provides authority for municipalities to invest funds not required immediately using the prudent investor standard (PI) rather than the more restrictive “legal list” approach of the past. A new section to the eligible investment regulation (Part II) provides details in the PI standard, who can access it, what you need to do to have it apply and what governance structures must be in place. At the same time that these changes were made, regulatory amendments were also made to the regulation (Part I) with respect to pre-existing investment powers.

Join us as we discuss the changes to investment powers that will affect you. You will learn about:
  • Changes that have been made to eligible investments that are in effect right now
  • The prudent investor (PI) approach to investments
  • The new provisions related to the prudent investor standard that municipalities will be able to access beginning on January 1, 2019.
  • Who qualifies for access to the PI standard
  • What you are required to do to adopt the standard
  • The governance structure for prudent investments required by the regulation
  • What ONE Investment will be doing to expand investment options for those interested in accessing the PI standard in a pooled situation. This will be of interest to those who do not qualify for the PI standard on their own.

Who Should Attend:
This free webinar will appeal to municipal treasurers, investment analysts, members of municipal investment committees and CAOs.

About your Speakers:
John Ballantine
John Ballantine has been with the Ministry of Municipal Affairs for most of the last eighteen years following receipt of his Masters of Public Administration degree from the University of Western Ontario. He has also previously attended the University of Toronto and Seneca College earning degrees in political science and theatre performance respectively. Currently, John is a Manager of the Financing and Infrastructure section of the Municipal Finance Policy Branch and is a former chair of the Toronto Green Community.

Heather Douglas
Heather Douglas is a partner at WeirFoulds LLP who has extensive experience in connection with infrastructure financing transactions undertaken by municipalities, school boards and Crown corporations. In this connection she regularly acts for the underwriting syndicates for capital markets transactions, for the fiscal agents for private placements and for municipalities and school boards directly when they finance infrastructure projects pursuant to various government loan programs. She has also acted for various financial institutions in establishing loan programs for municipalities. She regularly advises public sector entities and financial institutions on a broad range of public sector financing issues including the borrowing and investing powers of municipalities and she has advised municipalities on public-private arrangements for infrastructure projects. For more than a decade Heather was a member of the Board of Directors of a publically traded international pharmaceutical corporation. In addition, she has also served as a member of the Board of Directors of The Canadian Council for Public-Private Partnerships.

Rob Maisonville
Robert Maisonville is the Chief Administrative Officer for the County of Essex. In this capacity, he provides strategic advice to County Council and exercises control and management over the functional operations of the County. Mr. Maisonville is responsible to County Council for the efficient administration of all its departments including Corporate Administrative functions, Planning and Emergency Planning Services, the 730 km. County Road network, Emergency Medical Services, Library System and a 206 bed Long-Term Care facility. Mr. Maisonville is accountable to County Council for a budget in excess of $160 million and for approximately 850 employees. Mr. Maisonville has been an employee of the County for twenty-eight years, previously serving as Financial Analyst, Financial Supervisor, Controller/Deputy Treasurer and Treasurer.

Prior to joining the County of Essex, Mr. Maisonville was employed in the private sector in various financial/accounting positions. Mr. Maisonville graduated from the University of Windsor, earning a Bachelor of Commerce degree and, subsequently a Master in Business Administration.

Dan Cowin
Executive Director, Municipal Finance Officers’ Association
Dan Cowin was educated at the University of Waterloo, the University of Western Ontario and the University of Toronto. He holds degrees in political science as well as economics. Dan has 33 years’ experience in the field of municipal finance in a number of positions. He began his career in the Municipal Finance Branch of the Ministry of Municipal Affairs and Housing in 1985. Subsequently, he has worked at the Municipality of Metropolitan Toronto, the Regional Municipality of Peel and conducted numerous consulting studies while at Hemson Consulting. Dan has been the Executive Director of the Municipal Finance Officers’ Association of Ontario since October 2003.
3/21/2018 12:00 PM - 1:30 PM

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12:00 PM - 1:30 PM
3/21/2018 12:00 PM


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