The Ontario government has announced a consultation until April 29, 2016, relating to a proposed regulation change under the Pension Benefits Act (Ontario) that would permit a pension plan administrator to invest pension plan assets in more than 30 per cent of a corporation's voting shares. The announcement suggests that a threshold may be established where corporate disclosure or undertakings would apply. The Ontario government has invited submissions on the proposed regulation change and Blakes will be making submissions with respect to the Ontario government proposals.
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