Regulation - LGIC
Description of Proposed Amendment to Regulation 909 under the Pension Benefits Act - Pension Investment in Infrastructure
Regulation Number(s):
Instrument Type:
Regulation - LGIC
Bill or Act:
Pension Benefits Act
Summary of Proposal:
In the 2013 Ontario Economic Outlook and Fiscal Review, the Province announced that it would propose regulations to allow pension plans to further invest in local infrastructure by exempting investments in Ontario public infrastructure projects from the rule limiting ownership of shares with certain voting interests in a corporation to 30 per cent.
The description attached sets out the proposed exemption and the requirements for a plan administrator seeking to make an investment under this exemption.
The description attached sets out the proposed exemption and the requirements for a plan administrator seeking to make an investment under this exemption.
Further Information:
Description of Proposed Exemption from the 30 per cent rule - Infrastructure Investments
(Download Adobe Reader)
Proposal Number:
14-MOF010
Posting Date:
November 6, 2014
Comments Due Date:
January 9, 2015
Contact Address:
Pension Policy Branch
Ministry of Finance
5th Floor, Frost Building South
7 Queen's Park Crescent East
Toronto, ON
M7A 1Y7
Ministry of Finance
5th Floor, Frost Building South
7 Queen's Park Crescent East
Toronto, ON
M7A 1Y7