The new regulatory reporting system (RRS) that was put in place for the Office of the Superintendent of Financial Institutions (OSFI) to receive regulatory filings from federally regulated private pension plans, deposit-taking institutions and insurance companies is now available for pension plans to file selected returns.
According to OSFI’s InfoPensions newsletter, the deadline for filing returns that were due in April and May was extended to June 30, 2014, due to a delay in implementing this new system.
The Bank of Canada is hosting the system and, by now, all registered users should have received their RRS username and password.
Any plan administrators that have not completed the documents to register for the RRS should do so as soon as possible and return them to the Bank of Canada.
Registration is an initial step that must occur before organizations are able to use the RRS to file their returns with OSFI.
For more information, visit the RRS page on OSFI’s website.
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