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ARTICLE · 15 APRIL 2015

Final PBSA Regulations Released

On March 26, 2015, the Federal government released the final version of the draft amendments to the general regulations under the Pension Benefits Standards Act, 1985 we told you about last fall.

CanadaEmployment and HR

On March 26, 2015, the Federal government released the final version of the draft amendments to the general regulations under the Pension Benefits Standards Act, 1985 we told you about last fall (the New Rules).  The New Rules are largely unchanged from the proposed draft, but with some notable exceptions. 

Schedule III

  • The New Rules are slated to come into force on July 1, 2016.
  • The 10% Rule has been rewritten to accommodate many of the issues we had highlighted  previously.  The New Rules now provide that an administrator may not make an additional investment or loan in a person (including associated or affiliated persons) if 10% or more of the plan's total market valued assets have already been invested or loaned to that person.

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