Federal government to consult on the usefulness of the "30% Rule" for pension fund investments

28 mars 2016

Ce billet est disponible en anglais seulement.

In the federal government’s 2016 budget, the government announced that it will shortly launch a public consultation on the usefulness of the 30% rule. The rule restricts pension funds from investing plan assets in more than 30% of the shares that may be cast to elect the directors of a corporation.  Real estate, resource and investment corporations that satisfy certain conditions are exempt from the 30% rule. The federal pension fund investment rules are incorporated into the pension legislation of most jurisdictions in Canada.

As outlined in our previous blog post, Ontario has already announced plans to eliminate the 30% rule. On March 14, 2016, it also published proposed amendments to eliminate the 30% rule, subject to certain proposed disclosure requirements or undertakings.  Stakeholders are invited to make submissions by April 29, 2016 by email at [email protected].  

MISE EN GARDE : Cette publication a pour but de donner des renseignements généraux sur des questions et des nouveautés d’ordre juridique à la date indiquée. Les renseignements en cause ne sont pas des avis juridiques et ne doivent pas être traités ni invoqués comme tels. Veuillez lire notre mise en garde dans son intégralité au www.stikeman.com/avis-juridique.

Auteurs

Restez au fait grâce à Notre savoir