Category: Regulators
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British Columbia COVID-19 Relief Measures
The British Columbia Financial Services Authority published Pension Bulletin 20-002, COVID-19: Relief Measures for Pension Plans in British Columbia . . .
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Ontario FSRA Guidance re Financial Hardship Withdrawals
The Financial Services Regulatory Authority posted guidance regarding withdrawals from locked-in accounts because of financial hardship . . .
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OSFI FAQs re COVID-19 Measures
Further to its March 27, 2020 letter to federally regulated pension plans, OSFI has published a list of Frequently Asked Questions to provide additional guidance on its COVID-19 measures . . .
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Quebec Notice re Potential Administrative Relief
In response to COVID-19, the Retraite Québec sent out a newsletter advising pension plan stakeholders that it is "assessing various scenarios in order to manage and mitigate the impact of the current crisis on pension plans . . .
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Saskatchewan Extends Filing & Disclosure Deadlines
The Saskatchewan Financial and Consumer Affairs Authority posted a memo setting out extensions for certain filing and disclosure deadlines . . .
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Alberta Update re Pension Plan Administrative Relief
Alberta published EPPA Update 20-01, which sets out administrative relief for pension plan administrators in response to COVID-19 . . .
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Nova Scotia Extends Filing Deadline
The Nova Scotia Finance and Treasury Board announced that Annual Information Returns and Actuarial Valuation Reports that were due 31 March or 30 April have been given a filing extension until May 31, 2020 . . .
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Ontario FSRA Regulatory Guidance re COVID-19
Further to its earlier questions and answers, the Financial Services Regulatory Authority has published further guidance on regulatory requirements . . .
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OSFI Guidance re COVID-19
OSFI has published a letter to federally regulated pension plans, setting out adjustments to its policies in light of COVID-19 . . .
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B.C. Qs & As re New DB Funding Requirements
The British Columbia Financial Services Authority has published Bulletin 20-001, which provides a series of frequently asked questions regarding the new defined benefit funding requirements, which came into force on as of December 31, 2019 . . .
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