Alert: Proposed Ontario Amendment Eliminating the 30-per-cent Rule for Pension Fund Investments
The Ontario government has announced a consultation until April 29, 2016, relating to a proposed regulation change under the Pension Benefits Act (Ontario) that would permit a pension plan administrator to invest pension plan assets in more than 30 per cent of a corporation’s voting shares. The announcement suggests that a threshold may be established where corporate disclosure or undertakings would apply. The Ontario government has invited submissions on the proposed regulation change and Blakes will be making submissions with respect to the Ontario government proposals.
For further information, please contact a member of our Pensions, Benefits & Executive Compensation group.
Blakes periodically provides materials on our services and developments in the law to interested persons. For additional information on our privacy practices, please contact us at email@example.com. Blakes Bulletin is intended for informational purposes only and does not constitute legal advice or an opinion on any issue. We would be pleased to provide additional details or advice about specific situations if desired.
For permission to reprint articles, please contact the Blakes Client Relations & Marketing Department at 416-863-4345 or firstname.lastname@example.org. © 2018 Blake, Cassels & Graydon LLP