Financial Administration Act

Marginal note:Quarterly financial reports

• 131.1 (1) Each parent Crown corporation shall, in respect of itself and its wholly-owned subsidiaries, if any, cause to be prepared, in the form and manner provided for by the Treasury Board, a quarterly financial report for each of the first three quarters of each financial year of the parent Crown corporation.

• Marginal note:Contents

  (2) The report shall contain

  • (a) a financial statement for the quarter and for the period from the start of the financial year to the end of that quarter;

  • (b) comparative financial information for the preceding financial year; and

  • (c) a statement outlining the results, risks and significant changes in relation to operations, personnel and programs.

• Marginal note:Report to be made public

  (3) The parent Crown corporation shall cause the report to be made public within 60 days after the end of the quarter to which the report relates.

• Marginal note:Regulations

  (4) The Treasury Board may, by regulation, exempt a parent Crown corporation from the requirement set out in subsection (1) or provide that any of the content referred to in subsection (2) be excluded from its report.