R-17.0.1 - Voluntary Retirement Savings Plans Act

Section 104 Disposition versions

2016-01-01

104. Retraite Québec may assume, for the period it determines, the provisional administration of all or part of a plan or entrust it to the person or body it designates, in the following cases:

(1)  when Retraite Québec or the investigator it has designated is making an inquiry into the plan’s conformity with the law or into its administration;

(2)  when, in the opinion of Retraite Québec, the plan or the administration of the plan is not in conformity with this Act;

(3)  when, in the opinion of Retraite Québec, the plan administrator has committed a malversation, a breach of trust or other form of misconduct;

(4)  when Retraite Québec becomes aware that the plan administrator has failed to comply with an order issued by Retraite Québec;

(5)  when the plan administrator’s authorization is suspended, revoked or cancelled by the Autorité des marchés financiers.

Sections 184 to 186, the first paragraph of section 188 and the second paragraph of section 192 of the Supplemental Pension Plans Act (chapter R-15.1) apply to this Act, with the necessary modifications, where Retraite Québec requires the appointment of a provisional administrator.

2013, c. 26, s. 104; 2015, c. 20, s. 61.

2014-07-01

104. The Régie may assume, for the period it determines, the provisional administration of all or part of a plan or entrust it to the person or body it designates, in the following cases:

(1)  when the Régie or the investigator it has designated is making an inquiry into the plan’s conformity with the law or into its administration;

(2)  when, in the opinion of the Régie, the plan or the administration of the plan is not in conformity with this Act;

(3)  when, in the opinion of the Régie, the plan administrator has committed a malversation, a breach of trust or other form of misconduct;

(4)  when the Régie becomes aware that the plan administrator has failed to comply with an order issued by the Régie;

(5)  when the plan administrator’s authorization is suspended, revoked or cancelled by the Autorité des marchés financiers.

Sections 184 to 186, the first paragraph of section 188 and the second paragraph of section 192 of the Supplemental Pension Plans Act (chapter R-15.1) apply to this Act, with the necessary modifications, where the Régie requires the appointment of a provisional administrator.

2013, c. 26, s. 104.