• About
  • Offices
  • Careers
  • Students
  • Alumni
Background Image
Bennett Jones Logo Bennett Jones
  • People
  • Expertise
  • Resources
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All

FEATURED AREAS

Energy
Funds & Finance
Mining
Capital Projects
Governmental Affairs & Public Policy
All Industries
All Practices
Global Reach
Insights
Events
Media
Recent Work
Subscribe
Anti-Spam Learning Centre
Kickstart
Client Extranet Login
People
Featured Areas
All Practices
All Industries
About
Offices
Insights
Events
Search
Search
 

Jordan Fremont in Benefits Canada on FSRAs Safe Harbour

October 08, 2019

 
Subscribe
Print
Share
Share
Twitter
LinkedIn
Email
Jordan Fremont comments in Benefits Canada on how the Financial Services Regulatory Authority is giving late-filing pension plans a “one-time” opportunity to avoid administrative monetary penalties.

Jordan Fremont, a partner and pensions lawyer at Bennett Jones LLP, says the principles-based approach is particularly apt to late filings. “There are always people who fail to fulfill their obligations,” he says. “But many do so largely through inadvertence.”

. . . 

The regulator also emphasized that administrative monetary penalties will continue to be only part of the principles-based approach. “FSRA will also utilize other means to achieve the desired regulatory outcomes, namely ensuring that plans meet their filing requirements and demonstrate good administration and plan governance,” it noted.

With that being said, resort to AMPs should increase after Oct. 31. “Having given late filers an opportunity to avoid sanctions with the safe harbour, I see the FSRA stepping up enforcement and imposing more AMPs,” says Fremont.
Subscribe
Share
Share      
 
Twitter
LinkedIn
Email
 

Key Contact

  • Jordan N. Fremont Jordan N. Fremont, Partner

Looking Forward: Class Actions in 2019

Download now

Related Links

  • Insights
  • Media
  • Subscribe

Related Expertise

  • Pensions & Benefits

Recent Posts

Announcements

David Dodge on Independent Central Banks in the New Economy

December 09, 2019
       

Announcements

Deal for New Event Centre in Calgary is Official

December 06, 2019
       

Articles

Alberta Corporations Law Guide

December 06, 2019
       

In the News

Canadian Lawyer on Ranjan Agarwal's SABA Toronto President Award

December 06, 2019
       

Articles

British Columbia's UNDRIP Legislation - A Framework to Advance

December 04, 2019
       

In the News

Michael Kergin on Managing the Canada-U.S. Relationship

December 04, 2019
       

Articles

Wills Drafting: When to Challenge

December 03, 2019
       

In the News

Q&A With Forty Under 40 Winner Sharon Singh

December 03, 2019
       

Announcements

Bennett Jones: Canada’s Leading Litigation Lawyers

November 29, 2019
       

The firm that businesses trust with their most complex legal matters.

  • Privacy Policy
  • Disclaimer
  • Terms of Use

© Bennett Jones LLP 2019 All rights reserved. Bennett Jones refers collectively to the Canadian legal practice of Bennett Jones LLP and the international legal practices and consulting activities of various entities which are associated with Bennett Jones LLP

Bennett Jones Bennett Jones