First Nations Fiscal Management Act Adaptation Regulations — 5
 Board may, on giving notice to a council of a First Nation or to an Indigenous group, revoke a certificate issued under subsection (3) if, on the basis of financial or other information available to the Board, it is of the opinion that (a) the basis on which the certificate was issued has materially changed; (b) the First Nation or Indigenous group provided information that is incomplete or incorrect or made misrepresentations to the Board; or (c) the First Nation or Indigenous group is no longer in compliance, in all material respects, with the standards. Form and content (5) The Board may determine the form and content of certificates issued under subsection (3), including any restrictions as to the purposes for which, and the persons by whom, they are intended to be used. Remedial measures required (6) If a borrowing member’s certificate is revoked, the borrowing member shall, without delay, take any measures required to re-establish its certification. Opinion final (7) An opinion of the Board referred to in this section is final and conclusive and is not subject to appeal. Review and monitoring 50.01 (1) On the request of a First Nation or Indigenous group or under the terms of an agreement between a First Nation and any level of government, the Board may review or monitor (a) the implementation of laws of the First Nation or Indigenous group respecting financial administration; (b) the compliance of laws of the First Nation respecting financial administration with the standards established under paragraph 55(1)(a); (b.1) the compliance of laws of the Indigenous group respecting financial administration with the standards established under paragraph 55(1)(a.1); (c) the First Nation’s compliance with the standards established under paragraph 55(1)(c) or (d); and (d) the Indigenous group’s compliance with the standards established under paragraph 55(1)(c). Report (2) On completion of a review, or from time to time while carrying out monitoring, the Board shall provide to the First Nation or Indigenous group a report setting out its findings and any recommendations. Procedures (3) The Board may establish procedures respecting (a) the requests for review and monitoring referred to in subsection (1); (b) the review and monitoring referred to in subsection (1); and (c) the reports referred to in subsection (2). Statutory Instruments Act (4) The Statutory Instruments Act does not apply in respect of procedures established under subsection (3). Review of financial management system — non-scheduled entities 50.1 (1) On the request of any of the following entities, the Board may review the entity’s financial management system, financial performance or laws or by-laws respecting financial administration to determine whether it is in compliance, in all material respects, with the standards established under subsection (3): (a) a band that is not named in the schedule; (b) a tribal council; (c) an Indigenous group — other than one named in Schedule 1 or 2 to the First Nations Fiscal Management Act Adaptation Regulations — that is a party to a treaty, land claims agreement or self-government agreement with Canada or with a province, or an entity established under, or as a result of, such a treaty or agreement; (d) an entity — owned or controlled by one or more First Nations or entities referred to in paragraph (a), (b) or (c) — whose mandate is primarily to promote the well-being or advancement of Indigenous people; or (e) a not-for-profit organization established to provide public services to Indigenous groups or Indigenous persons, including services with respect to social welfare, infrastructure, housing, recreational or cultural activities, health or education. Report (2) On completion of a review under subsection (1), the Board shall provide to the entity a report setting out (a) the scope of the review undertaken; and (b) an opinion as to whether the entity was in compliance, in all material respects, with the standards or as to