C-23.1 - Code of ethics and conduct of the Members of the National Assembly

Section 45 Disposition versions

2012-01-01

45. A Cabinet Minister must, within 60 days after appointment to the Cabinet or after being conferred interests in an enterprise whose securities are listed on an exchange or for whose securities there is a published market, either dispose of such interests, place them in a blind trust managed by an independent trustee or entrust them to an independent mandatary under a blind management agreement. The Cabinet Minister must also comply with any other measure or condition imposed by the Ethics Commissioner.

However, this section does not apply in respect of an investment in an open-ended mutual fund, a guaranteed investment certificate or similar financial instrument, an interest in a pension plan, a registered retirement savings plan that is not self-directed, an employee benefit plan, a life insurance policy or similar annuity, an investment in the Fonds de solidarité des travailleurs du Québec (F.T.Q.) or Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi or any similar interest which the Ethics Commissioner considers should be excluded from the application of this section.

2010, c. 30, s. 45.