Regulatory Alerts2026-07-08
Added
PI-PF-DIR-01-2014 – Voluntary Termination of PE in Umbrella Funds
Registered umbrella funds must submit a report to the Registrar within three calendar months of an employer's termination of participation, detailing the reasons, effective date, attributable assets and liabilities, member credits, and proposed realization methods. Following full distribution of these assets, Principal Officers must provide a certified bank statement or reconciliation statement showing a zero balance for the departing employer's account. Umbrella funds are directed to rescind special rules pertaining to the terminated employer in accordance with the PF Act only after complying with the reporting and distribution requirements.
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