Bill 75 explained in plain English
Financial Administration Amendment Act (Disclosure re Investigations), 2010
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 39th Parliament, 2nd Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
This bill proposes to amend the Financial Administration Act to require the Minister of Finance to request disclosure of information about investigations from prospective providers of financial advice or management services.
Bill 75, the Financial Administration Amendment Act (Disclosure re Investigations), 2010, proposes to amend the Financial Administration Act. It would require the Minister of Finance to request certain information from individuals or entities before entering into an agreement to provide financial advice or management services. This information would relate to any investigations by police or regulatory authorities that could affect the integrity or suitability of the potential service provider. The bill also specifies that it comes into force on the day it receives Royal Assent.
- Adds a new section to the Financial Administration Act.
- Requires the Minister of Finance to ask for specific information from individuals or organizations before hiring them to provide financial advice or management services.
- Requires that the information requested pertains to investigations by police or regulatory bodies that might impact the integrity or suitability of the potential advisor or service provider.
- Requires disclosure of details about any such investigation if it relates to integrity or suitability.
- The Minister of Finance
- Individuals or entities providing or seeking to provide financial advice or management services to the Minister of Finance
- Police and regulatory authorities
- The Minister of Finance has the obligation to request specific information before entering into an agreement for financial advice or management services.
- Prospective providers of financial advice or management services have an obligation to disclose information regarding investigations by police or regulatory authorities if requested by the Minister.
- The Act comes into force on the day it receives Royal Assent.
- The bill does not specify what happens if a potential provider refuses to disclose the requested information or provides incomplete information.
- The bill does not define 'reason to believe' in the context of investigations.
- The bill does not specify the exact nature or format of the 'details of the investigation' that must be provided.
Adds a new section (16.7) that requires the Minister of Finance to request information about ongoing police or regulatory investigations from prospective financial advisors or management service providers.
Source: Section 1
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
Official textProcess Snapshot
Vote Summary
This bill is still active. We only show vote counts after the legislature publishes a recorded division.
No published representative vote breakdown
This bill is still moving through the process. When a recorded division is published, representative positions can be listed here.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced