borrowing member, a First Nation must pass financial performance tests and eventually receive certification that their financial management systems comply with First Nations Financial Management Board standards. The approval of First Nation property taxation laws by the First Nations Tax Commission and the certification of First Nation financial management systems and performance by the First Nations Financial Management Board provide layers of assurance to lenders that systems are operating properly. The Financing Secured by Other Revenues Regulations establishes mechanisms for investor protection for First Nations using other revenues to support financing. These layers were created to allow First Nations to access financing at lower interest rates and longer terms than they could access when borrowing independently (i.e. apart from the pooled borrowing system of the First Nations Fiscal and Statistical Management Act ). 1.4 Implementation of the Act to Date The Evaluation of the Implementation of the First Nations Fiscal and Statistical Management Act [Note 2] , completed by Aboriginal Affairs and Northern Development Canada in 2011, confirms that the Act addresses a continued need by providing a choice to First Nations wishing to improve capacity and to have access to financing tools used by governments to advance economic development. It also addresses longstanding issues related to the timeliness and completeness of Aboriginal statistics. The Evaluation found that the First Nations Tax Commission and the First Nations Financial Management Board were each delivering on all their mandated services, but in the case of the First Nations Statistical Institute, did not