laws under the Act is longer than any equivalent requirement in municipalities across the country, and that First Nations have indicated that those lengthy notice requirements are a deterrent to joining the Act . The Commission has identified a need for more flexibility in the form of notices given, the length of the notice period and when notices are required. Institutional Powers The creation of the four Aboriginal institutions was a significant component of the Act . Two of the four -- the First Nations Tax Commission and the First Nations Finance Authority -- emerged from existing bodies. The other two institutions -- the First Nations Financial Management Board and the First Nations Statistical Institute, were new institutions created to play a key role in the implementation and operation of the First Nations Fiscal and Statistical Management Act . In working to implement the Act over the past several years, a better understanding of the needs of First Nations -- and, consequently, how the institutions can best respond to these needs -- has evolved. Broadly, the institutions have indicated that they have little flexibility to respond to the individual needs of First Nations, that their mandates are too narrow to meet existing demand for services, and that they cannot currently work with a large contingent of First Nations (i.e. those who are not scheduled to the Act ). Specific examples can be found in Annex A. First Nation Powers The institutions have identified a need for clarification around the authority