Ontario Regulation 570/06 was filed on December 18, 2006. The regulation amends Regulation 909 with respect to funding, primarily of jointly sponsored pension plans. These changes come into effect at various dates from December 31, 2004 to December 31, 2006.
The provisions in section 30 of Regulation 909 concerning defined benefit pension plan wind ups are also amended. These changes come into effect on December 18, 2006 and apply to wind up reports filed with the Financial Services Commission of Ontario on or after that date.
In addition, sections 19(10) and 60 of Regulation 909 are revoked effective December 18, 2006.
Financial Services Commission of Ontario