Regulation - Minister
Housekeeping Changes Related to the One Investment Program
Regulation Number(s):
O.Reg 52/11 (Eligible Investments and Related Financial Agreements)
O.Reg 53/11 (Financial Activities)
O.Reg 53/11 (Financial Activities)
Instrument Type:
Regulation - Minister
Bill or Act:
Municipal Act/City of Toronto Act
Summary of Decision:
Housekeeping Changes Related to the One Investment Program
Background:
The Association of Municipalities of Ontario (AMO) and the Municipal Finance Officers' Association (MFOA) asked the province to make housekeeping changes to regulations under the Municipal Act, 2001 and the City of Toronto Act, 2006, to reflect the new name of the pooled investment program now known as the One Investment Program. The former name for this investment program was the One Fund.
Decision:
O.Reg 438/97 (Eligible Investments and Related Financial Agreements):
O.Reg 438/97 (Eligible Investments and Related Financial Agreements) under the Municipal Act, 2001, was amended by O. Reg. 52/11 to change references to the pooled investment program to reflect the new name of the program (the One Investment Program).
O.Reg 610/06 (Financial Activities):
O.Reg 610/06 (Financial Activities) under the City of Toronto Act, 2006 was amended by O. Reg. 53/11 to change references to the pooled investment program to reflect the new name of the program (the One Investment Program).
O. Reg. 52/11 and O. Reg. 53/11 came in force on July 1, 2011.
Background:
The Association of Municipalities of Ontario (AMO) and the Municipal Finance Officers' Association (MFOA) asked the province to make housekeeping changes to regulations under the Municipal Act, 2001 and the City of Toronto Act, 2006, to reflect the new name of the pooled investment program now known as the One Investment Program. The former name for this investment program was the One Fund.
Decision:
O.Reg 438/97 (Eligible Investments and Related Financial Agreements):
O.Reg 438/97 (Eligible Investments and Related Financial Agreements) under the Municipal Act, 2001, was amended by O. Reg. 52/11 to change references to the pooled investment program to reflect the new name of the program (the One Investment Program).
O.Reg 610/06 (Financial Activities):
O.Reg 610/06 (Financial Activities) under the City of Toronto Act, 2006 was amended by O. Reg. 53/11 to change references to the pooled investment program to reflect the new name of the program (the One Investment Program).
O. Reg. 52/11 and O. Reg. 53/11 came in force on July 1, 2011.
Further Information:
Municipal Act, 2001
O.Reg. 438/97 (Eligible Investments and Related Financial Agreements)
City of Toronto Act
O.Reg 610/06 (Financial Activities)
O.Reg 52/11 (Eligible Investments and Related Financial Agreements
O.Reg. 53/11 (Financial Activities)
Proposal Number:
12-MAH001
Posting Date:
Summary of Proposal:
O.Reg 438/97 (Eligible Investments and Related Financial Agreements)
O.Reg 610/06 (Financial Activities)
The Association of Municipalities of Ontario (AMO) and The Municipal Finance Officers' Association (MFOA) asked the province to make regulatory housekeeping changes under the Municipal Act, 2001 and the City of Toronto Act, 2006, to change the name of the pooled investment program they offer to their municipal clients from the One Fund to the One Investment Program. This will appropriately communicate the type of investment program and avoid the perception that it is a mutual fund.
O.Reg 610/06 (Financial Activities)
The Association of Municipalities of Ontario (AMO) and The Municipal Finance Officers' Association (MFOA) asked the province to make regulatory housekeeping changes under the Municipal Act, 2001 and the City of Toronto Act, 2006, to change the name of the pooled investment program they offer to their municipal clients from the One Fund to the One Investment Program. This will appropriately communicate the type of investment program and avoid the perception that it is a mutual fund.
Contact Address:
Tanya Wanio
Manager
Ministry of Municipal Affairs and Housing
Municipal Finance Policy Branch
13th Flr
777 Bay St
Toronto ON
M5G2E5
Manager
Ministry of Municipal Affairs and Housing
Municipal Finance Policy Branch
13th Flr
777 Bay St
Toronto ON
M5G2E5
Effective Date:
July 1, 2011
Decision:
Approved