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Canada Pension Plan Investment Board Act

Version of section 51 from 2002-12-31 to 2004-03-31:


Marginal note:Annual report required

  •  (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 appropriate provincial Ministers with an annual report on the operations of the Board in that year and the Board shall make copies of 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:Contents

    (3) The annual report shall contain

    • (a) the financial statements for the previous year prepared as required under section 39;

    • (b) the Board’s auditor’s report for that year prepared as required under section 40;

    • (c) a certificate, signed by a director on behalf of the board of directors, stating that the investments of the Board held during that 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 that year and a statement on the extent to which the Board met those objectives;

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

    • (f) a statement of the Board’s investment policies, standards and procedures; and

    • (g) such other information as is required by the regulations.

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