MFOA's Submission on the Proposed Prudent Investor Regulation
MFOA has submitted its response to the proposed amendments to O. Reg. 438/97, O. Reg. 84/16 and O. Reg. 653/05 under the Municipal Act, 2001. These proposed amendments set out the framework for select municipalities to invest using the prudent investor standard, which includes: eligibility criteria, governance framework; and joint investment arrangements. In addition, amendments are proposed to O. Reg. 84/16 and O. Reg. 653/05 concerning the list of eligible investments and bond forward agreements.
For any questions regarding our submission, please contact Shira Babins (Manager of Policy) at shira@mfoa.on.ca or 416-362-9001 ext.227.