Public Sector Pension Investment Board Act

Marginal note:Annual report required

• 48 (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, the Minister of National Defence and the Minister of Public Safety and Emergency Preparedness with an annual report on the operations of the Board in that year.

• Marginal note:Report available to contributors

  (2) The Board shall make the report available to contributors under the Canadian Forces Superannuation Act, the Public Service Superannuation Act, and the Royal Canadian Mounted Police Superannuation Act as soon as is feasible after it is provided to the ministers under subsection (1).

• Marginal note:Tabling in Parliament

  (3) 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

  (4) The annual report shall contain

  • (a) the financial statements for the financial year prepared as required under section 35;

  • (b) the Board’s auditor’s report for the financial year prepared as required under section 36;

  • (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(2)(a) and a comparison of its most recent investment policies with investments actually held by it;

  • (h) a summary of the code of conduct for officers and employees of the Board established under paragraph 7(2)(e);

  • (i) a report of any special audit referred to in section 43 or any special examination referred to in section 44; and

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