Canada Pension Plan Investment Board Regulations

17 (1) The Board may enter into a transaction with a related party if

• (a) the transaction is required for the operation or administration of the Board; and

• (b) the terms and conditions of the transaction are not less favourable to the Board than market terms and conditions.

(2) The Board may invest the moneys of the Board in the securities of a related party if those securities are acquired at a public exchange.

(3) The Board may enter into a transaction with a related party if the value of the transaction is nominal.

(4) For the purposes of subsection (3), in assessing whether the value of a transaction is nominal, two or more transactions with the same related party shall be considered as a single transaction.