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ARTICLE · 16 FEBRUARY 2014

Ontario To Exempt US Government Securities From 10% Quantitative

Stikeman Elliott LLP
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The government of Ontario government released a draft proposed amendment to the Pension Benefits Act (Ontario) regulations (Regulations) on February 5, 2014 that would modify the application of the 10% quantitative limit for plans registered in Ontario.

CanadaEmployment and HR
Stikeman Elliott LLP
Stikeman Elliott LLP
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The government of Ontario government released a draft proposed amendment to the Pension Benefits Act (Ontario) regulations (Regulations) on February 5, 2014 that would modify the application of the 10% quantitative limit for plans registered in Ontario. 

Currently, the investments of assets of pension plans registered in Ontario must comply with the investment rules set out in Schedule III to the regulations under the Pension Benefits Standards Act(Canada) (Federal Pension Investment Rules), which impose a 10% limit on the book value of pension plan assets which may be invested in the securities of any one person or related persons.  The proposed amendment to section 78 of the Regulations would provide an exemption from the 10% quantitative limit for investments in securities issued by and fully guaranteed by the government of the United States.  

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