Ontario pension plans are now able to hold unlimited amounts of U.S. government securities

Date: Monday, March 17, 2014
Author: BLG Pension Alert

Ontario pension plans are now able to hold unlimited amounts of U.S. government securities.

Pension plans registered in Ontario are prohibited from directly or indirectly investing or lending more than 10% of the book value of the assets of the pension fund in or to any one person, two or more associated persons, or two or more affiliated corporations, subject to limited exemptions. This restriction has now been removed for securities issued by the Government of the United States of America.

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