What regulates the establishment of the Code of Ethics for condominium management?

The establishment of the Code of Ethics for condominium management is regulated by O.Reg 3/18. This regulation outlines the standards and expectations for ethical conduct that condominium managers are required to adhere to in their professional activities. It serves to ensure that condominium management is conducted with integrity, accountability, and transparency.

O.Reg 3/18 is specifically tied to the Condominium Management Services Act, which governs the conduct of individuals and businesses providing condominium management services in Ontario. This regulation is crucial for fostering a professional environment within the condominium sector and protecting the interests of residents and owners.

The other options pertain to broader legislation and guidelines. The Condominium Act, 1998 provides the overall framework for condominium governance, including the creation and operation of condominium corporations, but does not directly establish the Code of Ethics. The CMRAO Guidelines are designed to assist in implementing the regulations and provide general operational guidance, but they do not themselves establish the Code. The Consumer Protection Act focuses mainly on protecting consumer rights in various transactions but is not specific to the ethical requirements for condominium management.