Regulatory Amendments Enacted to Allow CPPIB/PSPIB to Rely on Prudent Person Standard

On December 14, 2012, Regulations Amending the Canada Pension Plan Investment Board Regulations were registered. As previously reported and of particular note, this amendment repeals section 12 of the Canada Pension Plan Investment Board Regulations (“CPPIBR”) which established quantitative investment limits in respect of Canadian resource and real properties. The repeal of this section aligns…

New AODA Built Environment Standards Regulations Filed

On December 17, 2012, the Ontario government filed two regulations amending the Accessibility Standards for Customer Service and the Integrated Accessibility Standards, regulations enacted under the Accessibility for Ontarians with Disabilities Act, 1995 (“AODA”). O. Reg. 413/12 adds new Built Environment Standards on the design of public spaces to the Integrated Accessibility Standards regulation (O….

Federal Pooled Registered Pension Plan (PRPP) Framework Now in Force

On December 14, 2012, the federal government announced that the second and final tranche of the regulations under the Pooled Registered Pension Plans Act (“Act”) came into force on that day, following the conclusion of a period for public comment. As previously reported, these supporting regulations address provisions of the Act, including: general requirements regarding…

Third Window for BPS Solvency Funding Relief Proposed

On December 5, 2012, the Ontario government posted a regulatory proposal regarding amendments to O. Reg. 178/11 (Solvency Funding Relief for Certain Public Sector Pension Plans), made under the Pension Benefits Act. Comments on the proposal are due by January 20, 2013. Under the proposal, the third and final window for solvency funding relief for…

Regulatory Proposal Issued Regarding School Bus Driver Requirements

On November 22, 2012, the Ontario government (Ministry of Education) issued a regulatory proposal regarding the requirement that school bus drivers have a clear criminal record check report in order to qualify for and hold the requisite driver’s licence. That requirement is currently found in a regulation under the Highway Traffic Act. Under this proposal,…

Regulation Filed under Public Sector Salary Disclosure Act

On November 22, 2012, the Ontario government filed O. Reg. 385/12 made under the Public Sector Salary Disclosure Act, 1996. It provides that the following amounts are to be considered “salary” for the purposes of the Act for each year, commencing in 2012: 1. An amount received by an employee as remuneration on a per…

Proposed Amendments to CIRB Regulation Published for Comment

On November 17, 2012, the federal government published proposed Regulations Amending the Canada Industrial Relations Board Regulations, 2001, inviting interested parties to comment on the proposed regulatory text within two weeks of the date of publication. The proposed Regulations follow consultations conducted by the Canada Industrial Relations Board (“CIRB”) throughout 2011 with labour and management…