jswizzle3737/ontario_laws_and_regs huggingface dataset:
Agents of the Investment Board
 51. (1) Subject to subsections (2) and (3), the Investment Board may authorize an agent to exercise any of the Investment Board’s functions to the same extent that a prudent investor, acting in accordance with ordinary investment practice, would authorize an agent to exercise any investment function. O. Reg. 360/15, s. 2. (2) The Investment Board may not authorize an agent under subsection (1) unless a written agreement between the Investment Board and the agent is in effect and the agreement includes, (a)  a requirement that the agent comply with the requirements included in the investment policy under section 47 and with the investment plan under section 48; and (b)  a requirement that the agent report to the Investment Board at regular stated intervals. O. Reg. 360/15, s. 2. (2.1) For the purposes of applying clause (2) (a) in the circumstances referred to in clause 43 (1) (b), the references to “the investment policy under section 47” and to “the investment plan under section 48” shall be read as “the investment policy under section 47 of this Regulation or the investment policy under section 18 of Ontario Regulation 438/97 (Eligible Investments, Related Financial Agreements and Prudent Investment) made under the Municipal Act, 2001, as the case may be, and the investment plan under section 48.1 of this Regulation”. O. Reg. 47/18, s. 5. (3) The Investment Board shall exercise prudence in selecting an agent, in establishing the terms of the agent’s authority and in monitoring the agent’s performance to ensure compliance with those terms. O. Reg. 360/15, s. 2. (4) For the purpose of subsection (3), prudence in monitoring an agent’s performance includes, (a)  reviewing the agent’s reports; (b)  regularly reviewing the agreement between the Investment Board and the agent and how it is being put into effect, including assessing whether the requirement described in clause (2) (a) is being complied with; (c)  considering whether directions should be provided to the agent or whether the agent’s appointment should be revoked; and (d)  providing directions to the agent or revoking the appointment if the Investment Board considers it appropriate to do so. O. Reg. 360/15, s. 2. (5) This section does not prevent the investment, by the Investment Board, in mutual funds, pooled funds or segregated funds under variable insurance contracts and the manager of such a fund is not an agent for the purpose of this section. O. Reg. 360/15, s. 2.
Transition
 52. (1) The following apply with respect to the former Part IV: 1.  Reports shall be made under subsection 49 (1) of the former Part IV as though section 49 of the former Part IV continues to apply, until reports have been made covering the periods up to and including the period ending on December 31, 2017. 2.  Section 50 of the former Part IV continues to apply with respect to investments made on or before December 31, 2017. 3.  Reports shall be made under subsection 54 (1) of the former Part IV as though section 54 of the former Part IV continues to apply, until reports have been made covering the periods up to and including the period ending on December 31, 2017. O. Reg. 360/15, s. 2. (2) In subsection (1), “former Part IV” means Part IV of this Regulation as it read on December 31, 2017. O. Reg. 360/15, s. 2. 56. Omitted (provides for coming into force of provisions of this Regulation).  O. Reg. 610/06, s. 56.  Français