Canadian Press Pension Plan Solvency Deficiency Funding Regulations, 2010 (SOR/2010-245)

11 (1) The amount of any secured borrowing obtained by the employer once it has obtained an aggregate of $1.5 million of secured borrowing after January 31, 2009 must be subordinated to the aggregate amount of deferred special payments.

(2) If the employer does not comply with subsection (1), it shall immediately notify the Superintendent in writing of its non-compliance and immediately pay to the pension fund the aggregate amount of deferred special payments. These Regulations will then no longer apply.