Council must also create a policy on the First Nation’s investments and investment strategy. This policy should take into account the short-term and long-term investment strategy of the First Nation and the allowed use of available money.

This policy must also include the requirement to:

  • perform an estimation of the risk involved before investing
  • get the approvals needed before investing
  • keep and maintain the records of all investment decisions
  • outline the steps to make sure that all investments made by the First Nation follow any added standards set by the FAL

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