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Canada Pension Plan Investment Board Regulations

Version of section 14 from 2006-03-22 to 2007-01-31:

  •  (1) The Board shall not directly or indirectly hold or invest in a derivative where the market exposure of the Board under the derivative is not covered by cash or other assets of the Board designated for that purpose.

  • (2) The Board may hold or invest in a derivative if the purpose of the transaction is

    • (a) to offset or reduce the risk associated with an existing investment or group of investments, or

    • (b) to hold or invest in the derivative as an alternative to holding or investing in the underlying asset itself.

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