Public Sector Pension Investment Board Regulations
11 (1) The Board must not directly or indirectly invest more than 10% of the total market value of the Board’s assets in the securities of
(a) any one person;
(b) two or more associated persons; or
(c) two or more affiliated corporations.
(2) Subsection (1) does not apply in respect of investments in
(a) a subsidiary of the Board;
(b) securities issued or fully guaranteed by the Government of Canada, the government of a province, or an agency of either of them;
(b.1) securities issued or fully guaranteed by the Government of the United States or any of its agencies;
(c) a fund composed of mortgage-backed securities that are fully guaranteed by the Government of Canada, the government of a province, or an agency of either of them;
(d) a fund that substantially replicates the composition of a widely recognized index of a broad class of securities traded on a public exchange; or
(e) a segregated fund or mutual or pooled fund that complies with the requirements applicable to a plan under the Pension Benefits Standards Regulations, 1985.
- SOR/2000-243, s. 1
- SOR/2021-207, s. 1
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