R-17.0.1, r. 3 - Regulation respecting voluntary retirement savings plans

Section 14 Disposition versions

2019-06-13

14. For each investment option offered under the plan that is not governed by the guidelines adopted in accordance with the Insurers Act (chapter A-32.1) or for an investment fund that is not a reporting issuer in accordance with Québec securities legislation, the administrator shall send each employee registered for the plan the following information, according to the type of option and where applicable:

(1)  the objective of the investment;

(2)  the type of investment and the degree of risk the option entails;

(3)  the 10 largest investments in the option, distributed according to their fair value;

(4)  the prior return on investments for the option, for a period covering the 10 most recent years of its existence or since its creation, where it has existed for fewer than 10 years;

(5)  the fact that the prior return on investments for the option is not necessarily indicative of future performance;

(6)  the address of the Web site on which the return on investments that has been set can be consulted;

(7)  the benchmark index that best reflects the makeup of the investment option;

(8)  the fees related to the option, expressed as a percentage or as a set amount;

(9)  the targets for the distribution of the option’s assets;

(10)  the possibility of buy-backs and the conditions that apply thereto.

The administrator shall send the information to the employee on paper or in electronic format within the time period referred to in the first paragraph of section 19 of the Act or provide him, in real time, with the information or instructions required to consult the information on a Web site.

In the case of an individual, the administrator must provide the information in the manner provided for in the second paragraph before the contract is signed.

In all cases, the choice of medium or technology is at the employee’s or the individual’s discretion.

A document is deemed to have been remitted where an employee or individual consults the information on a Web site in accordance with the information and instructions provided by an administrator.

O.C. 499-2014, s. 14.

2014-07-01

14. For each investment option offered under the plan that is not governed by the guidelines adopted in accordance with the Act respecting insurance (chapter A-32) or for an investment fund that is not a reporting issuer in accordance with Québec securities legislation, the administrator shall send each employee registered for the plan the following information, according to the type of option and where applicable:

(1)  the objective of the investment;

(2)  the type of investment and the degree of risk the option entails;

(3)  the 10 largest investments in the option, distributed according to their fair value;

(4)  the prior return on investments for the option, for a period covering the 10 most recent years of its existence or since its creation, where it has existed for fewer than 10 years;

(5)  the fact that the prior return on investments for the option is not necessarily indicative of future performance;

(6)  the address of the Web site on which the return on investments that has been set can be consulted;

(7)  the benchmark index that best reflects the makeup of the investment option;

(8)  the fees related to the option, expressed as a percentage or as a set amount;

(9)  the targets for the distribution of the option’s assets;

(10)  the possibility of buy-backs and the conditions that apply thereto.

The administrator shall send the information to the employee on paper or in electronic format within the time period referred to in the first paragraph of section 19 of the Act or provide him, in real time, with the information or instructions required to consult the information on a Web site.

In the case of an individual, the administrator must provide the information in the manner provided for in the second paragraph before the contract is signed.

In all cases, the choice of medium or technology is at the employee’s or the individual’s discretion.

A document is deemed to have been remitted where an employee or individual consults the information on a Web site in accordance with the information and instructions provided by an administrator.

O.C. 499-2014, s. 14.