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Canada Pension Plan Investment Board Regulations

Version of section 19 from 2006-03-22 to 2012-07-31:

  •  (1) The moneys of the Board are to be invested

    • (a) in a name that clearly indicates that the investment is held in trust for the Board and, where the investment is capable of being registered, registered in that name;

    • (b) in the name of a financial institution, or a nominee of one, in accordance with a custodial agreement or trust agreement, entered into with the financial institution, that clearly indicates that the investment is held for the Board; or

    • (c) in the name of The Canadian Depository for Securities Limited, or a nominee of it, in accordance with a custodial agreement or trust agreement, entered into with a financial institution, that clearly indicates that the investment is held for the Board.

  • (2) For the purposes of subsection (1), custodial agreement means an agreement providing that

    • (a) an investment made or held on behalf of the Board pursuant to the agreement

      • (i) constitutes part of the Board’s assets, and

      • (ii) shall not at any time constitute an asset of the custodian or nominee; and

    • (b) records shall be maintained by the custodian that are sufficient to allow the ownership of any investment to be traced to the Board at any time.


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