Pension Benefits Standards Act, 1985 — P-7.01 39
Regulations 39 (1) The Governor in Council may make regulations (a) respecting applications for registration of pension plans; (a.1) [Repealed, 2012, c. 16, s. 89] (b) respecting the fees that may be charged for the registration of pension plans and for the supervision, including inspection, of registered pension plans; (b.1) respecting the implementation of a federal-provincial agreement; (b.2) exempting a federal-provincial agreement or any provision of that agreement from the application of subsection 6.2(1); (b.3) respecting transitional matters in the event that the Government of Canada ceases to be a party to a federal-provincial agreement; (c) prescribing the conditions under which, on the cessation of a member’s membership in a pension plan or on the termination or winding-up of a pension plan, pension benefit credits may be held in trust by the administrator of the plan, or transferred to the administrator of another pension plan or to a registered retirement savings plan of the prescribed kind; (c.1) respecting the transfer of pension benefit credit of any person who cannot be located, as well as the assets relating to that credit to the entity designated under section 10.3, including the circumstances and conditions under which that credit and those assets may be transferred to that entity; (c.2) respecting the entity designated under section 10.3; (c.3) respecting the holding of pension benefit credit of any person who cannot be located, as well as the assets relating to that credit by the entity designated under section 10.3, the making of claims for that credit and the disbursement of that credit; (c.4) respecting the transfer to Her Majesty in right of Canada of assets held by the entity designated under section 10.3; (d) prescribing, for the purposes of this Act or any provision thereof, the manner of determining the portion of a pension benefit or other benefit that is attributable to membership in a plan after December 31, 1986; (e) respecting the time by which contributions to a pension plan are required to be remitted to the pension fund by the administrator, and respecting the consequences of failure to remit contributions to the pension fund on time, including the liability of the administrator; (e.1) respecting the interest to be paid on the amounts due to the pension fund from the employer or the administrator; (e.2) respecting the letters of credit referred to in subsection 9.11 (1), including regulations (i) specifying the types of payments that may be replaced by a letter of credit, (ii) specifying the circumstances in which a payment or part of a payment may be replaced by a letter of credit and the conditions and restrictions that apply, (iii) specifying the eligibility criteria that the issuer of the letter of credit and the trustee referred to in section 9.13 must meet, (iv) specifying the terms and conditions that a letter of credit and a trust agreement must contain, (v) specifying the circumstances in which, on the direction of the employer, a letter of credit may be cancelled or its face value amended and the conditions that apply, and (vi) specifying the circumstances in which a letter of credit must be cancelled or its face value reduced and the amount — or part of the amount — in respect of which it was obtained to be paid by the employer into the pension fund; (e.3) respecting the reduction of payments referred to in section 9.16 , including specifying the conditions under which they may be reduced and the types of payments that may be reduced; (f) providing for the determination of the day on which a member or former member of a pension plan becomes entitled to a particular pension benefit or other benefit under the plan; (g) prescribing the manner in which pension benefit credits are to be determined and fixing the time as of which the determination is to be made; (h) for enabling the Superintendent to require administrators to provide up-to-date consolidations of their pension plans an