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 fiscal quarters of each fiscal year.

• Marginal note:Contents

  (2) The report shall contain

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

  • (b) comparative financial information for the preceding fiscal 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 fiscal 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.