Pension Benefits Standards Regulations, 1985

11.3 (1) Each administrator of a simplified pension plan shall keep records that are sufficient to allow the ownership of any investment to be traced to the plan at any time.

(2) Each administrator shall notify each participating employer in writing of an intended amendment to the plan at least 30 days before the effective date of the amendment.

(3) If an employer’s participation in the plan ceases, the administrator of the plan shall notify in writing, within 30 days of the effective date of the cessation, the members of the plan who are employees of the employer, of the cessation of that employer’s participation in the plan and the effective date of the cessation.

(4) If the administrator intends to terminate or wind up the plan in whole or in part, it shall provide each employer whose participation in the plan will cease with a notice in writing to that effect at least 60 days before the date of the intended termination and winding-up.

(5) The administrator shall, no later than each anniversary date of a plan, notify the Superintendent in writing of the employers who have commenced or ceased participation in a simplified pension plan.