Canada Pension Plan Investment Board Act

Marginal note:Regulations

• 53 (1) The Governor in Council may make regulations

  • (a) specifying which provisions of the Pension Benefits Standards Act, 1985 and any regulations made under that Act apply to the Board and its subsidiaries and adapting those provisions in the manner that the Governor in Council considers appropriate for the purpose of applying them to the Board and its subsidiaries;

  • (b) respecting the investments the Board and its subsidiaries may make; and

  • (c) prescribing anything that this Act provides is to be prescribed or is to be determined by regulation.

• Marginal note:Application

  (2) A regulation made under subsection (1) has no force or effect until the appropriate provincial Minister of each of at least two thirds of the participating provinces having in total not less than two thirds of the population of all of the participating provinces has approved the regulation.

• Marginal note:Approval of proposed regulation

  (2.1) For the purpose of subsection (2), the approval of a proposed regulation published in the Canada Gazette is deemed to be the approval of the regulation if the regulation is the same or substantially the same as the proposed regulation.

• Marginal note:Determination of population

  (3) For the purposes of subsection (2), the population of a province at any time in a year in respect of which the determination of the province’s population is relevant means the province’s population on June 1 of that year, as estimated by the Chief Statistician of Canada.

• Marginal note:Publication of coming into force date

  (4) If the approvals necessary to give force and effect to a regulation are given only after the regulation is made, the Minister shall, as soon as feasible, cause to be published in the Canada Gazette the date that the regulation came into force.