Pooled Registered Pension Plans Regulations (SOR/2012-294)

Marginal note:10% limit

• 9 (1) The administrator of a PRPP must not, directly or indirectly, invest more than 10% of the total market value of the funds in a member’s account in, or lend more than 10% of the total market value of the funds in a member’s account to

  • (a) any one person;

  • (b) associated persons; or

  • (c) affiliated corporations.

• Marginal note:Exception

  (2) Subsection (1) does not apply in respect of the funds in a member’s account that are held by a bank, trust company or other financial institution to the extent that the funds are fully insured by the Canada Deposit Insurance Corporation, by Assuris or by any similar provincial body established for the purpose of providing insurance against loss of deposits with trust companies or other financial institutions.

• Marginal note:Exception

  (3) Subsection (1) does not apply to investments

  • (a) in a mutual fund, a pooled fund or a segregated fund that meets the requirements applicable to a PRPP that are set out in section 10;

  • (b) in an unallocated general fund of a person that is authorized to carry on a life insurance business in Canada;

  • (c) that are made in accordance with sections 12 to 14 of Schedule III to the Pension Benefits Standards Regulations, 1985;

  • (d) in securities issued or fully guaranteed by the Government of Canada, the government of a province, or an agency of either one of them;

  • (e) in a fund composed of mortgage-backed securities that are fully guaranteed by the Government of Canada, the government of a province, or an agency of either one of them;

  • (f) in a fund that replicates the composition of a widely recognized index of a broad class of securities that are traded at a marketplace; or

  • (g) that involve the purchase of a contract or agreement in respect of which the return is based on the performance of a widely recognized index of a broad class of securities traded at a marketplace.