Tag: Reg. 23.4
Below is a reminder of the legislative and regulatory amendments coming into force as of July 1, 2016, across Canada.
OSFI published InfoPensions #15, which provides a reminder regarding amendments to the Pension Benefits Standards Regulations coming into force on July 1, 2016, including: including enhanced disclosure requirements, electronic communications, investment rules (i.e., amendments to 10% and related party rules), and spousal consent to portability to certain registered retirement vehicles where a member is eligible for early retirement. (Also see: PBSA/PBSR Key In Force Dates.)
OSFI has posted updated Instruction Guides for Filing and Reporting Requirements for Defined Benefit Plan Terminations and Defined Contribution Plan Terminations. The Guides have been updated to reflect amendments to the Pension Benefits Standards Act, 1985 and the Pension Benefits Standards Regulations, the last of which are coming into force on July 1, 2016.