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Marginal note:Duty to comply

• 17 (1) Every director, officer and employee of the Board shall comply with this Act and the by-laws.

• Marginal note:No exculpation

  (2) No provision in any contract, in any resolution of the Board or in the by-laws relieves any director, officer or employee of the Board from the duty to act in accordance with this Act or relieves a director, officer or employee from liability for a breach of the Act.

Marginal note:Authority to substitute actual date

231 On or after the day on which a provision of this Act, or a provision of an Act enacted by this Act, comes into force, the Governor in Council may, by order, amend that provision or any other provision that makes reference to that provision, by replacing references to the day on which that provision comes into force with references to the actual date on which that provision came into force.

Marginal note:Board of directors

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• (2) The following persons are disqualified from being directors:

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  • (g) a person who

    • (i) is entitled to or has been granted a pension benefit under the Public Service Superannuation Act, the Canadian Forces Superannuation Act or the Royal Canadian Mounted Police Superannuation Act,

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Marginal note:Books and systems

• 35 (1) The Board shall, in respect of itself and each of its subsidiaries, cause

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  • (c) a record of the investments held by each fund during the financial year to be kept, showing

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    • (iii) the information that would permit the determination of whether the requirements of this Act and the investment policies, standards and procedures have been met.

• (2) The books, records, systems and practices required by subsection (1) shall be kept and maintained in a manner that will provide reasonable assurance that

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  • (b) the Board’s transactions and those of its subsidiaries are in accordance with this Act and the by-laws, or the by-laws of its subsidiaries; and

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Marginal note:Statutory Instruments Act does not apply

26 The Statutory Instruments Act does not apply in respect of by-laws.