Pooled Registered Pension Plans Regulations — 1
Definitions 1 The following definitions apply in these Regulations. Act means the Pooled Registered Pension Plans Act . ( Loi ) child , in relation to a person, means (a) an individual of whom the person is the legal parent; (b) an individual who is wholly dependent on the person for support and of whom the person has, or immediately before the individual attained the age of 19 years had, in law or in fact, the custody and control; (c) a child of the person’s spouse or common-law partner; and (d) a spouse or common-law partner of a child of the person. ( enfant ) costs means all fees, levies and other charges that reduce a member’s return on investment other than those that are triggered by the member’s actions. ( coûts ) debt obligation means a bond, debenture, note or other evidence of indebtedness of an entity. ( titre de créance ) deferred life annuity has the same meaning as in subsection 2(1) of the Pension Benefits Standards Regulations, 1985 . ( prestation viagère différée ) entity means (a) a corporation, trust, partnership or fund or an unincorporated association or organization; or (b) Her Majesty in right of Canada or of a province or the government of a foreign country or of a political subdivision of a foreign country, or an agency of any of them. ( entité ) immediate life annuity has the same meaning as in subsection 2(1) of the Pension Benefits Standards Regulations, 1985 . ( prestation viagère immédiate ) life income fund means a registered retirement income fund that meets the conditions set out in section 41. ( fonds de revenu viager ) loan includes a deposit, financial lease, conditional sales contract, repurchase agreement and any other similar arrangement for obtaining money or credit, but does not include investments in securities or the making of an acceptance, endorsement or other guarantee mechanism. ( prêt ) locked-in RRSP means a registered retirement savings plan that meets the conditions set out in section 38. ( REÉR immobilisé ) marketplace means (a) an exchange; (b) a quotation and trade-reporting system; (c) any other entity not included in paragraph (a) or (b) that (i) constitutes, maintains or provides a market or facility for bringing together buyers and sellers of securities or derivatives, (ii) brings together the orders for securities or derivatives of multiple buyers and sellers, and (iii) uses established, non-discretionary methods under which the orders interact and with which the buyers and sellers entering the orders agree to the terms of a trade. ( marché ) market value , in respect of an asset, means the price that would be obtained for the purchase or sale of the asset in an open market under conditions requisite to a fair transaction between parties who are at arm’s length and acting prudently, knowledgeably and willingly. ( valeur marchande ) person includes an entity. ( personne ) PRPP means a pooled registered pension plan. ( RPAC ) registered retirement income fund has the same meaning as in subsection 146.3(1) of the Income Tax Act . ( fonds enregistré de revenu de retraite ) registered retirement savings plan has the same meaning as in subsection 146(1) of the Income Tax Act . ( régime enregistré d’épargne-retraite ) related party , in respect of a PRPP, means a person — other than Her Majesty in right of Canada or of a province, or an agency of either one of them, or a bank, trust company or other financial institution that holds the assets of the PRPP but that is not the administrator of the PRPP — who is (a) an officer, an employee or a member of the board of directors of the administrator of the PRPP; (b) responsible for holding or investing the assets of the PRPP, or an officer, director or employee of the person who is responsible for holding or investing those assets; (c) a member of the PRPP; (d) the spouse or common-law partner or a child of any person referred to in any of paragraphs (a) to (c); (e) a corporation that is directly or indirectly controlled by a pers