| September 13, 1989 | |
| Mrs. Pat Robusky | Financial Industries Division |
| Registered Pension & | Maureen Shea-DesRosierss |
| Deferred Income Plans | 957-8953 |
| Cumberland Street | |
| Attention: M. Bennett | File No. 7-4221 |
Subject: Your file HAU 8224-9073
This is in reply to your memorandum of August 4, 1989 and our telephone conversation (Robusky/Shea-DesRosiers) of September 6, 1989 concerning the review of the section entitled "Other Investments" in as per the request made to you by the 19(1) .
It is the Department's policy to advise taxpayers that, as stipulated in Information Circular 72-13R8 at paragraph 13, unless a trusteed plan is registered under a provincial statute that controls plan investments, or the federal Pension Benefits Standards Act, 1985, the plan must contain a requirement that all investments and re-investments will conform to the investment requirements of section 9 of the Pension Benefits Standards Act, 1985 and section 6 and Schedule III of the Pension Benefits Standards Regulations, 1985.
It should be noted that this Department does not administer the Pension Benefits Standards Act, 1985.
We trust that the above information will be of assistance to you.
ChiefDeferred Income Plans &Trusts SectionFinancial Industries DivisionRulings Directorate