Canada Pension Plan Investment Board Regulations

8 (1) A written statement of the investment policies, standards and procedures in respect of the Board’s portfolio of investments, established under section 35 of the Act, shall include

• (a) categories of investments;

• (b) the use of options, futures and other derivatives;

• (c) diversification of the investment portfolio;

• (d) asset mix and rate of return expectations;

• (e) policies for the management of credit, market and other financial risks;

• (f) liquidity of investments;

• (g) the lending of cash or securities;

• (h) the retention or delegation of voting rights acquired through investments;

• (i) the method of, and basis for, the valuation of investments that are not regularly traded at a public exchange; and

• (j) related-party transactions permitted under section 17 and the criteria used to establish whether a transaction is nominal.

• (k) [Repealed, SOR/2001-522, s. 1]

(2) The statement of investment policies, standards and procedures referred to in subsection (1) shall include a description of all factors that may affect the funding of the Canada Pension Plan and the ability of the Canada Pension Plan to meet its financial obligations and the relationship of those factors to those policies, standards and procedures.

(3) The board of directors shall review and confirm or amend the statement at least once each financial year.