R-17.0.1 - Voluntary Retirement Savings Plans Act

Section 127 Disposition versions

2016-01-01

127. Retraite Québec and the Autorité des marchés financiers may, in accordance with the law, enter into an agreement with a government in Canada other than the Gouvernement du Québec or with a department or body of that government in order to authorize

(1)  a supervisory authority under a legislative authority other than the Parliament of Québec to exercise any of the powers conferred by this Act on Retraite Québec or the Autorité des marchés financiers; or

(2)  Retraite Québec and the Autorité des marchés financiers to exercise any of the powers of such an authority.

Such agreements may, in particular,

(1)  determine to what extent and on what conditions a voluntary retirement savings plan is subject to this Act and the legislation of a legislative authority other than the Parliament of Québec that is party to the agreement; and

(2)  establish requirements concerning a voluntary retirement savings plan, a plan administrator or an employer, in addition to the other requirements imposed by this Act and the legislation of a legislative authority other than the Parliament of Québec that is party to the agreement.

An agreement must be published in the Gazette officielle du Québec. On the expiry of at least 45 days after the publication, it is submitted to the Government for approval, with or without amendment. The agreement comes into force after approval, on the date it is published again in the Gazette officielle du Québec or on any later dates stated in the agreement.

The provisions of the agreement have force of law for the period during which it remains in force.

2013, c. 26, s. 127; 2015, c. 20, s. 61.

2014-07-01

127. The Régie and the Autorité des marchés financiers may, in accordance with the law, enter into an agreement with a government in Canada other than the Gouvernement du Québec or with a department or body of that government in order to authorize

(1)  a supervisory authority under a legislative authority other than the Parliament of Québec to exercise any of the powers conferred by this Act on the Régie or the Autorité des marchés financiers; or

(2)  the Régie and the Autorité des marchés financiers to exercise any of the powers of such an authority.

Such agreements may, in particular,

(1)  determine to what extent and on what conditions a voluntary retirement savings plan is subject to this Act and the legislation of a legislative authority other than the Parliament of Québec that is party to the agreement; and

(2)  establish requirements concerning a voluntary retirement savings plan, a plan administrator or an employer, in addition to the other requirements imposed by this Act and the legislation of a legislative authority other than the Parliament of Québec that is party to the agreement.

An agreement must be published in the Gazette officielle du Québec. On the expiry of at least 45 days after the publication, it is submitted to the Government for approval, with or without amendment. The agreement comes into force after approval, on the date it is published again in the Gazette officielle du Québec or on any later dates stated in the agreement.

The provisions of the agreement have force of law for the period during which it remains in force.

2013, c. 26, s. 127.