Canada:
Prudent Investor Legislative Provisions Update - Fifth
27 February 2018
WeirFoulds LLP
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The provisions of the Municipal Act, 2001 regarding the
new prudent investment powers have been proclaimed in force as at
March 1, 2018. However, the new prudent investor regime will
not be effective until relevant regulations are filed AND come into
force. We expect that the regulations will be filed on or after
March 1, 2018 but they may come into force on a later date –
the City of Toronto prudent investor regulation came into force
more than a year after it was filed. We will keep you posted.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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