EXHIBIT 99.5
NOTES TO DELEGATION OF SIGNING AUTHORITY
ANNUAL AUDITS & SPECIAL EXAMINATION REPORTS
| (1) | This delegation becomes effective as of the date of the Auditor General’s signature except as noted in the delegation. |
| (2) | This delegation replaces all previous delegations of signing authority. |
| (3) | The assistant auditors general listed on page 10 have authority to sign auditors’ reports in their group where signing authority has been delegated to a principal. |
| (4) | The following assistant auditors general have authority to sign a “consent letter” to authorize distribution of a previously signed auditor’s report to a securities regulator: |
| | |
| Clyde MacLellan | | Public Sector Pension Investment Board |
| |
| Clyde MacLellan | | Export Development Canada |
| |
| Clyde MacLellan | | Canada Mortgage and Housing Corporation |
| |
| Clyde MacLellan | | Farm Credit Canada |
| |
| Sylvain Ricard | | Business Development Bank of Canada |
| (5) | Clyde MacLellan is delegated authority to sign a “Bring down letter”, a “Comfort Letter” and a “Consent Letter” in relation to any securities offering of the Public Sector Pension Investment Board. |
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| | | Pursuant to Section 18 of the Auditor General Act, I hereby delegate authority to the following individuals to sign Annual Auditor’s Reports and Special Examination Reports, as identified below: | | |
| | | | |
| | | /s/ Michael Ferguson | | 1 December 2011 | | |
| | | Michael Ferguson, FCA | | Date | | |
| | | ASSISTANT AUDITORS GENERAL: | | |
| | | | | |
| | | /s/ Nancy Cheng | | /s/ Terrance DeJong | | /s/ Maurice Laplante | | |
| | | Nancy Y. Cheng, FCA | | Terrance DeJong, CA | | Maurice Laplante, CA | | |
| | | | | |
| | | /s/ Clyde MacLellan | | /s/ Marian McMahon | | /s/ Sylvain Ricard | | |
| | | Clyde MacLellan, CA | | Marian McMahon, CA | | Sylvain Ricard, CA | | |
| | | PRINCIPALS: | | |
| | | | | |
| | | /s/ John Apt | | /s/ Marise Bédard | | /s/ René Béliveau | | |
| | | John Apt, CA | | Marise Bédard, CA | | René Béliveau, CA | | |
| | | | | |
| | | /s/ Louise Bertrand | | /s/ Lucie Cardinal | | /s/ Régent Chouinard | | |
| | | Louise Bertrand, CA | | Lucie Cardinal, CA | | Régent Chouinard, CA | | |
| | | | | |
| | | /s/ Margaret Haire | | /s/ Lissa Lamarche | | /s/ Guy LeGras | | |
| | | Margaret Haire, CA | | Lissa Lamarche, CA | | Guy LeGras, CA | | |
| | | | | |
| | | /s/ Joe Martire | | /s/ Heather McManaman | | /s/ Carla Nash | | |
| | | Joe Martire, CA | | Heather McManaman, CA | | Carla Nash, CA | | |
| | | | | |
| | | /s/ Michael Pickup | | /s/ Dale Shier | | /s/ Robert Wilson | | |
| | | Michael Pickup, CA | | Dale Shier, CA | | Robert Wilson, CA | | |
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