SoVote

Decentralized Democracy

Grant Christoff

44th Parl. 1st Sess.
May 1, 2023
Context: Subject Matter of Bill C-45, An Act to amend the First Nations Fiscal Management Act (INAN) - May/1/23
Mr. Grant Christoff (General Counsel, First Nations Financial Management Board)
  • 04:38:17 p.m.
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Thank you for punting that one to me. Thank you for the opportunity to speak in this room. With respect to the development of regulations, we do have to develop regulations in support of broadening the definition of “borrowing members”. As Ernie mentioned previously, that work is under way. I hope that work will be completed as well as the regulations in support of supporting the non-profit organizations that we talked about here. The legislative basis is created through these amendments. Regulatory work is required to support full access to the FMA. I'll just note for the committee here that we have the ability to work with these organizations now. We can issue compliance opinions, but what we are talking about is financial performance certification and financial management system certification, so a lot more work. I'm not sure if that responds to your question, though, Lori.
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Context: Subject Matter of Bill C-45, An Act to amend the First Nations Fiscal Management Act (INAN) - May/1/23
Mr. Grant Christoff
  • 05:11:19 p.m.
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If I could add to that, I would just say a quicker pace of legislative and regulatory development.... Echoing what Ernie just said, we need increased collaboration with our federal counterparts. I would also say we need to be more collaborative in all of our legislative initiatives, again echoing what Ernie said.
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