Tag: Reg. 7.1

• May 22, 2019

  Ontario Regulation re DB Plan Funding

  Ontario filed Regulation 105/19 amending the General Regulation under the Pension Benefits Act (PBA). The amendments relate to benefit improvements, excess contributions, letters of credit, contribution holidays, provisions for adverse deviation (PfAD) and statement of investment policies and procedures (SIPP). There are also a number of amendments specifying that certain funding provisions do not apply to jointly sponsored pension plans (JSPP) and specified Ontario multi-employer pension plans (SOMEPP . . .

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  Legislation & Regulations, Ontario, Plan Funding, Public Sector Plans

  Act s. 55.1, Act s. 55.2, Reg. 1, Reg. 1.2, Reg. 11.2, Reg. 3, Reg. 3.0.1, Reg. 37, Reg. 4, Reg. 40, Reg. 40.1, Reg. 40.2, Reg. 5, Reg. 5.1, Reg. 5.4, Reg. 6.0.4, Reg. 6.3, Reg. 7, Reg. 7.0.3, Reg. 7.1, Reg. 78, Reg. 8, Reg. 9
• April 21, 2018

  Ontario Regulations re New DB Funding Framework

  The Ontario government has filed the regulations which will bring into force its new funding framework for defined benefit plans.

  The majority of the amendments to the General Regulation are included in Regulation 250/18, which implements the proposed funding framework that was published for consultation last December. Related amendments, which largely apply to specific pension plans, are contained in a series of additional regulations. Except where otherwise noted, the new funding framework will come into force on May 1, 2018.

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  Legislation & Regulations, Ontario, Plan Funding

  Reg. 1, Reg. 1.2, Reg. 1.3.1, Reg. 1.3.2, Reg. 11, Reg. 11.1, Reg. 11.2, Reg. 13, Reg. 14, Reg. 17, Reg. 26, Reg. 3, Reg. 3.0.1, Reg. 37, Reg. 4, Reg. 40.1, Reg. 40.2, Reg. 47.1, Reg. 47.2, Reg. 47.7.1, Reg. 5, Reg. 5.10, Reg. 5.6, Reg. 5.6.1, Reg. 5.6.2, Reg. 5.7, Reg. 6, Reg. 6.0.4, Reg. 7, Reg. 7.0.1, Reg. 7.0.2, Reg. 7.0.3, Reg. 7.1, Reg. 76, Reg. 78, Reg. 8, Reg. 9
• March 29, 2018

  OSFI Guide re Default Member Investment Option

  OSFI has published Guidance Note: Default Option for Member Choice Defined Contribution Plans, which sets out OSFI’s interpretation and expectations related to default investment options for federally regulated DC plans.

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  DC Plans, Federal, Investments, Regulators

  Act s. 7.3, Act s. 8, Reg. 7.1
• March 1, 2018

  OSFI Final Derivatives Guideline

  OSFI has published the final version of the Derivatives Sound Practices for Federally Regulated Private Pension Plans Guideline, which replaces the 1997 guideline “Derivatives Best Practices”. The Guideline, which covers both exchange traded and over-the-counter derivatives, outlines the factors that OSFI expects administrators of federally regulated private pension plans to consider when developing policies and procedures for risk management of derivative activities.

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  Federal, Investments, Regulators

  Act s. 8, Reg. 7.1, Reg. 7.2
• July 31, 2017

  OSFI Draft Derivatives Guideline

  OSFI issued a Draft Guideline for Derivatives Sound Practices for Federally Regulated Private Pension Plans (the New Guideline), which will replace the 1997 guideline “Derivatives Best Practices” (the 1997 Guideline). Comments are due by September 29, 2017.

  The New Guideline, which covers both exchange traded and over-the-counter derivatives, outlines the factors that OSFI expects administrators of federally regulated private pension plans to consider when developing policies and procedures for risk management of derivative activities. Generally, the New Guideline expands upon the 1997 Guideline and reflects current practices with respect to derivatives.

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  Consultations, Federal, Investments, Regulators

  Act s. 8, Reg. 7.1, Reg. 7.2
• April 13, 2017

  Newfoundland Regulation Amendments re Solvency Funding Exemptions

  Newfoundland published a series of amendments to Regulation 114/96 under its Pension Benefits Act.

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  Legislation & Regulations, Newfoundland & Labrador, Plan Funding

  Reg. 15, Reg. 42.3, Reg. 42.4, Reg. 42.5, Reg. 7.1
• March 23, 2016

  FSCO Final Guideline re SIPPs

  FSCO has finalized  investment guidance note IGN-005 "Overview of Statements of Investment Policies & Procedures Requirements". 

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  Investments, Ontario, Regulators

  Act s. 22, Act s. 29, Act s. 30, Reg. 40, Reg. 40.1, Reg. 40.2, Reg. 45, Reg. 46, Reg. 7.1, Reg. 7.2, Reg. 78, Reg. 79
• February 13, 2016

  FSCO FAQs re SIPPs

  FSCO has updated its list of FAQs regarding Statements of Investment Policies and Procedures (SIPP).   The FAQs cover the following points:

  • General: overview of SIPP requirements and confirmation that SIPPs must still be established and files for member-directed defined contribution plans.
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