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Prudent Investor Update, March 1, 2018

It’s Official - Province Releases Prudent Investor Regulations

The Province has released the final regulations for the use of the prudent investor standard by municipal governments, with municipalities able to pass a by-law approving the approach on or after January 1, 2019.  This gives the municipal community about 10 months to prepare for a broader array of investment options and opportunities. The regulation details who qualifies for the new powers, and how these investments are to be managed and governed. There are also amendments to the legal list that will be effective March 1, 2018.  

ONE Investments has been advocating for prudent investor standard for a long time, so that municipalities could make the most of tax dollars to support long-term capital plans. It is in keeping with ONE’s 25-year track record of providing turnkey investment solutions for municipal governments, whether to help fund capital projects or build up reserve accounts.

Municipalities will be able to take part, either independently or as part of a group. ONE will ensure that all municipalities, regardless of financial assets, will have options to access the prudent investor standard and the benefits it can offer. ONE will also continue to operate its current investment programs.

For more details, on behalf of ONE Investment, Heather Douglas of WeirFoulds LLP  has developed a full analysis of the regulation and legal list amendments, and what it all means for municipal governments.

Please stay tuned for the next Prudent Investor Update on March 7:
  • Next steps for municipal governments
  • ONE Investment prepares for change



Eleonore Schneider
Program Manager

T 416.971.9856 ext. 320
TF 1.877.426.6527
F 416.971.6191

Donna Herridge
Manager of Accounting and Corporate Services, MFOA/CHUMS

T 416.362.9001 ext. 233