TORONTO, June 19, 2020 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers and members during this time of rapid change and disruption.
In response to the sector, the Government of Ontario has amended Regulation 909 and Regulation 310/13 of the Pension Benefits Act (PBA), to provide extensions to certain filing deadlines and certain member communications. The changes will help to ease the burden on plan administrators during this period.
As a result we have updated our existing Guidance: Pension Sector Emergency Management Response to provide a summary of the regulation changes. Administrators, sponsors and their advisors are advised to consult the regulations for full details.
For more information about how FSRA is supporting the sectors that it regulates during COVID-19, please visit: FSRA Announces Changes to Regulatory Requirements due to COVID-19.
SOURCE Financial Services Regulatory Authority of Ontario
For Media Inquiries: Malon Edwards, Senior Communications Officer, Corporate Communications, Financial Services Regulatory Authority of Ontario, T: 416-590-7536, C: 647-296-5479, Email: [email protected]
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