A new regulation has been enacted under the Safe Drinking Water Act, 2002, S.O. 2002, c. 32. The Financial Plans Regulation, O. Reg. 453/07, was filed on Aug. 14, 2007 and requires the preparation and approval of financial plans prior to a person making an initial application or applying for renewal of a municipal drinking water licence. See http://www.e-laws.gov.on.ca/html/regs/english/elaws_regs_070453_e.htm for details.