Initiative/Project Name: |
Capital Accumulation Plans |
|---|---|
Description: |
On May 28, 2004, the Joint Forum of Financial Market Regulators released a final version of the Guidelines for Capital Accumulation Plans (CAP Guidelines), which were approved for publication by Canadian Association of Pension Supervisory Authorities (CAPSA), the Canadian Council of Insurance Regulators and the Canadian Securities Administrators. Concurrently, CAPSA adopted the CAP Guidelines as CAPSA Guideline No. 3, Guidelines for Capital Accumulation Plans. Guideline No. 3 is applicable to defined contribution components of registered pension plans where members are permitted to make investment decisions among two or more options.
These guidelines reflect the expectations of regulators
regarding the operation of a capital accumulation plan, regardless of
the regulatory regime applicable to the plan. They are intended to support
the continuous improvement and development of industry practices. |
- Please visit the Capital Accumulation Plans Initiative Page on the Joint Forum of Financial Market Regulators' website for the most recent updates to this initiative.
Publications:
Document Name |
Date |
Description |
|---|---|---|
| Guideline No. 3 | May 28, 2004 |
CAPSA Guideline No. 3 - Guidelines for Capital Accumulation
Plans |
| Communiqué | May 28, 2004 |
Spring 2004 CAPSA Communiqué |
| Communiqué | September 8, 2003 |
Summer 2003 CAPSA Communiqué |
| Stakeholder Submissions | September 5, 2003 |
Stakeholder submissions regarding the proposed Guidelines
for Capital Accumulation Plans |
| Communiqué | August 31, 2002 |
Summer 2002 CAPSA Communiqué |
| Stakeholder Submissions | July 5, 2002 |
Stakeholder submissions regarding the proposed Principles
for Capital Accumulation Plans |
| Letter to stakeholders | May 24, 2002 |
Letter to stakeholders regarding the proposed Principles
for Capital Accumulation Plans |
| Communiqué | December 20, 2001 |
Fall 2001 CAPSA Communiqué |