The Canadian Life and Health Insurance Association’s compensation disclosure guideline doesn’t adequately provide for transparency, according to a letter submitted by the Benefits Alliance Group Inc. “The quasi regulatory role assumed by such a powerful trade association is littered with serious conflicts of interest,” the letter read. It noted these’s an imbalance between the natural goals […]
Ontario’s new pension regulator, the Financial Services Regulatory Authority, has appointed Mark White as its inaugural chief executive officer, effective May 7, 2018. White is currently the senior vice-president and head of enterprise risk at the Bank of Montreal and has also led its capital adequacy and analysis and capital management functions. Prior to joining the Bank […]
The Laborers’ International Union of North America pension plan is suing a number of financial institutions for allegedly conspiring to fix prices within the foreign exchange market. The class action lawsuit alleges the defendants participated in manipulating the price of currency purchased in the foreign exchange market from at least as early as 2003 until 2013, according to a […]
From AMPs to SIPPs: Why plan sponsors have a lot on the regulatory plate in 2018.
Earlier this month, Health Canada did some substantial editing to its website, removing all references to a planned regulatory framework for orphan drugs. Orphan drugs are medications that treat rare diseases. The framework was an effort to help increase their availability for patients and foster their development by companies and researchers. Currently, Canada is one of the […]
Feds to review discount rates for pension, benefits obligations
The Pension Investment Association of Canada is raising concern about the impact on pension plan sponsors of a new regulation related to derivatives and a companion policy proposed by the Canadian Securities Administrators. In a letter to securities regulators this week, the association noted its concern about language including “directly or indirectly carrying on the activity with repetition, regularity […]
Best practices for federally-regulated pension funds.
ACPM consultation response says Fed rules make it tough for pension funds.
IIROC has published guidance on the establishment and operation of price thresholds by Canadian marketplaces to further reduce short-term, unexplained price volatility and address risks arising from electronic trading. The guidance takes effect on Aug. 25, 2016.