PRPPs added to Assessment of Pension Plans Regulations

Proposed amendments to the Assessment of Pension Plans Regulations to include provisions for recovering expenses from pooled registered pension plans (PRPPs) were published for comment in Part I of the Canada Gazette on June 25, 2016. No comments were received and these amendments have now been approved by the Governor in Council and were published in Part II of the Canada Gazette on November 2, 2016. These amendments allow OSFI to implement annual assessments of PRPPs with the first assessment due on March 31, 2017. The PRPP Assessment Remittance Form will be available on OSFI’s website shortly.