Marginal note:Annual report required

• 34. (1) The Board shall as soon as possible, but in any case within 90 days, after the end of each financial year provide the Minister and the President of the Treasury Board with an annual report on the operations of the Board in that year and the Board shall make the report available to the public.

• Marginal note:Tabling in Parliament

  (2) After receiving the annual report, the Minister shall cause it to be laid before each House of Parliament on any of the next 15 days during which that House is sitting.

• Marginal note:Reference to committee

  (3) The annual report laid before Parliament stands permanently referred to any parliamentary committee that may be designated or established to review matters relating to the activities of the Board.

• Marginal note:Contents

  (4) The annual report shall contain

  • (a) the financial statements for the financial year prepared as required under section 27;

  • (b) the annual auditor’s report referred to in section 28;

  • (c) a certificate, signed by a director on behalf of the board of directors, stating that the investments of the Board held during the financial year were in accordance with this Act and the Board’s investment policies, standards and procedures;

  • (d) a statement of the Board’s objectives for the financial year and a statement of the extent to which the Board met those objectives;

  • (e) a statement of the Board’s objectives for the next financial year and for the foreseeable future;

  • (f) a statement of the corporate governance practices of the Board;

  • (g) a summary of the Board’s investment policies, standards and procedures established under paragraph 7(a) and a comparison of its investment policies with investments actually held by it;

  • (h) a summary of the code of conduct established under paragraph 7(d);

  • (i) a special examiner’s report submitted under section 31; and

  • (j) any information that the Minister may require.

Marginal note:Report

35. On the day on which the Board sets the premium rate under section 66 of the Employment Insurance Act, it shall make public a report that sets out

• (a) the premium rate;

• (b) a detailed analysis in support of that rate;

• (c) information provided to the board of directors by the chief actuary under subsection 14(3);

• (d) information provided to the Board by the Minister under subsection 66.1(1) of the Employment Insurance Act; and

• (e) any other information that the Board took into account in setting the rate.

Marginal note:Governor in Council

36. The Governor in Council, on the joint recommendation of the Minister and the Minister of Finance, may make regulations

• (a) respecting the investments that the Board may make;

• (b) respecting the limitations to which the Board is subject when it makes investments; and

• (c) prescribing anything that this Act provides is to be prescribed or is to be determined by regulation.