Pooled Registered Pension Plans Act — P-15.3 76
Governor in Council 76 (1) The Governor in Council may make regulations (a) respecting the terms and conditions for issuing a licence, the method for recovering the costs of licensing, and the number and scope of pooled registered pension plans that may be offered by an administrator; (b) designating any province in which there is in force legislation similar to this Act; (c) respecting the implementation of a multilateral agreement; (d) exempting a multilateral agreement or any provision of that agreement from the application of subsection 7 (1); (e) respecting the management and investment of funds in members’ accounts, including the way in which the funds are to be held; (f) respecting the process by which investment options are offered by an administrator and choices among those options are made; (g) respecting investment options offered by an administrator; (h) specifying the circumstances in which an administrator may change an investment choice made by a member; (i) specifying the circumstances in which inducements may be given or offered by an administrator or demanded or accepted by an employer, and the types of inducements that may be given, offered, demanded or accepted; (j) establishing criteria for determining whether a pooled registered pension plan is low-cost for the purposes of section 26 ; (k) respecting the manner and frequency of remittances from the employer to the administrator; (l) specifying the form and content of a notice to be provided under this Act as well as the manner in which and the period within which it is to be provided; (m) respecting the setting of a contribution rate of 0% under subsection 45 (2); (n) respecting the circumstances in which a member or administrator is permitted to withdraw the funds in a member’s account; (o) defining disability for the purposes of paragraph 47 (2)(a); (p) respecting variable payments; (q) respecting the transfer of funds from the account of a member by the administrator; (r) respecting the distribution of the funds in members’ accounts with a pooled registered pension plan that is being wound up; (s) prescribing any measure necessary for the purposes of sections 64 and 65 , including the time when and circumstances under which an electronic document is to be considered to have been provided or received and the place where it is considered to have been provided or received; (t) exempting from the application of subsections 64 (1) and (3) any requirement under this Act to provide a person with information; (u) prescribing anything that by this Act is to be prescribed; and (v) generally for carrying out the purposes and provisions of this Act. Exceptions from included employment (2) The Governor in Council may make regulations excluding from included employment (a) employment by an agent of Her Majesty in right of Canada; and (b) any other employment if the Governor in Council, on a report of the Minister, is satisfied that provision has been made for the coverage of employees employed in that employment under the terms of a pension plan that is organized and administered for the benefit primarily of employees employed in other than included employment and that is required to be registered under the law of a designated province. General or specific application (3) A regulation made under this Act may be made applicable generally to all pooled registered pension plans or specifically to one or more pooled registered pension plans.