Examples of VRSP administrator in a sentence
Despite subsections 3(1) and (2), a VRSP administrator that has its VRSP licence revoked by the AMF is no longer exempt from the requirement to obtain a licence under the federal PRPP Act or the applicable provincial PRPP Act.
The AMF shall notify the Superintendent as soon as practicable if it has suspended or revoked the VRSP licence of a VRSP administrator, where that VRSP administrator administers a federally-registered PRPP and does not hold a federal PRPP licence.
However, before offering a PRPP and entering into a contract with any person with respect to the plan, a VRSP administrator must register the PRPP under the federal PRPP Act.
We note that the VRSP Act expressly states that the employer is not liable for any acts or omissions of the VRSP administrator.
An administrator that holds a federal PRPP licence or an authorization to act as a VRSP administrator is also exempt from the requirement to obtain a licence under the applicable provincial PRPP legislation.
It must begin collecting the contributions as of the first payroll following the 61st day after the requisite notice is given by the VRSP administrator to the enrolled employees once the employer has joined the VRSP.
The VRSP administrator must inform the employer without delay of the date on which such notice was given.
Despite subsections 3(1) and (2), a VRSP administrator that has its VRSP licence revoked by the AMF is no longer exempt from the requirement to obtain a licence under the federal PRPP Act or the applicable provincial PRPP Act.5. The AMF shall notify the Superintendent as soon as practicable if it has suspended or revoked the VRSP licence of a VRSP administrator, where that VRSP administrator administers a federally‐registered PRPP and does not hold a federal PRPP licence.
Despite subsections 3(1) and (2), a VRSP administrator that has its VRSP licence revoked by the AMF is Tho longer e�empt from the requirement to obtain a licence under the federal PRPP Act or the applicable provinC?ial PRPP Act.
Materials to be issued as part of the AIS product, shall be thoroughly checked and coordinated by the originator before it is submitted to the AIS Section, in order to ensure that all necessary information has been included and it is correct in detail prior to distribution.