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Bill C-394

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1st Session, 37th Parliament,
49-50 Elizabeth II, 2001

House of Commons of Canada

BILL C-394

An Act to amend the Pension Benefits Standards Act, 1985 (investment criteria)

R.S., c. 32 (2nd Supp.)

      Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. Section 7.4 of the Pension Benefits Standards Act, 1985 is amended by adding the following after subsection (1):

Investment criteria

(1.1) The administrator shall, after the end of each fiscal year, prepare a report setting out the social, ethical and environmental factors that have been considered, during that period, in the selection, retention and liquidation of investments under the administrator's respon sibility and in the exercise of any rights related to those investments, including voting rights, and shall provide a copy of the report, free of charge, to every member who requests it.