| THE SECURITIES ACT | ) |
Order No. 6383 |
) |
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| Section 204(1) | ) |
August 17, 2011 |
CANADIAN PUBLIC ACCOUNTABILITY BOARD
WHEREAS:
(A) The Canadian Public Accountability Board has applied to The Manitoba Securities Commission (the “Commission”) for recognition as an auditor oversight body in Manitoba pursuant to section 204(1) of The Securities Act (the “Act”);
(B) CPBA is the auditor oversight body under National Instrument 52-108 Auditor Oversight;
(C) Based on the application, the Commission is satisfied that recognizing CPAB would be in the public interest; and
(D) Based on the foregoing, the Commission is of the opinion that CPAB is and is able to continue to be in compliance with the Act and the Regulations.
IT IS ORDERED:
1. THAT, the Commission recognizes CPAB as a self regulatory body under section 204(1) of the Act, on the following terms and conditions:
a) CPAB complies with the Canadian Public Accountability Board Act (Ontario), 2006, CPAB Act;
b) CPAB provides to the Commission a copy of the certificate required by the CPAB Act to be submitted to the Ontario Securities Commission (OSC) by the CPAB Council of Governors, at the same time that the certificate is delivered to the OSC;
c) CPAB discloses to the Commission all issues arising from each annual assessment by the OSC of the CPAB annual report, as required by the CPAB Act, when, and to the extent that, CPAB is aware of those issues;
d) CPAB provides the Commission with 30 days’ advance notice of any proposed material changes to any of the information in its application.
2. That this order will expire on July 31, 2014.
BY ORDER OF THE COMMISSION
"Douglas R Brown"
Director - Legal