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O. Reg. 557/17: ONTARIO MEDIA DEVELOPMENT CORPORATION

filed December 18, 2017 under Development Corporations Act, R.S.O. 1990, c. D.10

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ontario regulation 557/17

made under the

Development Corporations Act

Made: December 13, 2017
Filed: December 18, 2017
Published on e-Laws: December 18, 2017
Printed in The Ontario Gazette: January 6, 2018

Amending O. Reg. 672/00

(ONTARIO MEDIA DEVELOPMENT CORPORATION)

1. Section 13 of Ontario Regulation 672/00 is amended by striking out “The Corporations Act” at the beginning and substituting “The Not-for-Profit Corporations Act, 2010”.

2. Section 15 of the Regulation is revoked and the following substituted:

Annual report

15. (1) The Corporation shall prepare an annual report, provide it to the Minister and make it available to the public.

(2) The Corporation shall comply with such directives as may be issued by the Management Board of Cabinet with respect to,

(a) the form and content of the annual report;

(b) when to provide it to the Minister; and

(c) when and how to make it available to the public.

(3) The Corporation shall include such additional content in the annual report as the Minister may require.

Tabling of annual report

15.1 The Minister shall table the Corporation’s annual report in the Assembly and shall comply with such directives as may be issued by the Management Board of Cabinet with respect to when to table it.

Other reports

15.2 The Minister may require the Corporation to provide other reports.

Commencement

3. (1) Subject to subsection (2), this Regulation comes into force on the later of January 1, 2018 and the day it is filed.

(2) Section 1 comes into force on the later of the day subsection 4 (1) of the Not-for-Profit Corporations Act, 2010 comes into force and the day this Regulation is filed.