The Public Sector Pension Investment Board Act imposes a number of obligations on the Board of Directors of PSP Investments to monitor and report on the activities of PSP Investments to the President of the Treasury Board, the Minister of National Defense and the Minister of Public Safety. PSP Investments is required to ensure that all necessary reporting and monitoring practices are established to provide PSP Investments with the information it requires to effectively oversee its operations and meet the requirements of the Act.

The Act requires that PSP Investments prepare and file financial statements for each fund on a quarterly and annual basis.

Quarterly Financial Statements:

1. Quarterly financial statements are sent to the President of the Treasury Board, the Minister of National Defense and the Minister of Public Safety within 45 days of the end of each quarter.

Annual Report:

The annual report is required to contain annual financial statements; the auditor's report; a certificate signed on behalf of the Board of Directors stating that the investments held during the fiscal year were in accordance with the Act and the Statement of Investment Policies, Standards and Procedures; statements of PSP Investments' objectives for the completed fiscal year and the next fiscal year; a statement of the corporate governance practices of PSP Investments; summaries of PSP Investments' investment policies, standards and procedures and various other certificates and statements relating to the operations of PSP Investments during the year.

The reporting procedure for annual reports is as follows:

1. PSP Investments' annual reports are sent to the President of the Treasury Board, the Minister of National Defense and the Minister of Public Safety within 90 days after the end of each fiscal year, which is March 31;
2. The President of the Treasury Board lays the annual report before both Houses of Parliament within 15 sitting days after the President has received it;
3. PSP Investments makes the annual report available to contributors to the pension plans as soon as possible after it is provided to the President of the Treasury Board, the Minister of National Defense and the Minister of Public Safety.

Other reporting:

PSP Investments is required, on an on-going basis, to provide copies of all by-laws. PSP Investments also meets once a year with the members of the advisory Committees to each of the three Plans.

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