Amendment

(1) An administrator shall apply to the Supervisor within thirty days after the date on which the documents establishing the pension plan or pension fund, the custodial agreement or the statement of investment policy is amended for registration of the (2) An application under sub-section (1) for the registration of an amendment shall be made in the prescribed form and shall be accompanied by– (a) the prescribed fee; (b) a certified copy of the applicable document with the proposed amendment; and 21 (c) any other document or information required by the Supervisor. (3) If the amendment is in conformity with the documents establishing the pension plan and pension fund, this Act and the regulations, the Supervisor shall register the amendment. (4) Before the registration of an amendment to a pension plan, by virtue of any amendment referred to in sub-section (1), an administrator shall– (a) give notice containing– (i) an explanation of the amendment; (ii) its impact on plan benefits; (iii) the contact of the Administrator and Supervisor; (iv) a statement setting out the right of the member or former member to obtain a copy of the proposed amendment from the administrator; (b) invite the submission of written comments on the amendment to the administrator and the Supervisor; and (c) provide the Supervisor with a copy of the notice of the proposed amendment. (5) The notice required under sub-section (4) shall be given whether electronically or otherwise to– (a) each member who is affected by the proposed 22 (b) each former member who is affected by the proposed amendment; (c) each beneficiary who is affected by the proposed amendment; and (d) and any registered trade union representing members of the pension plan. (6) The Supervisor shall not register an amendment until forty-five days after the date of the notice of amendment to members, former members and beneficiaries. (7) An administrator shall notify each member of the date of registration of an amendment. (8) The Supervisor may, upon the written application of an administrator, exempt that administrator from the requirements of sub-section (1) where the Supervisor is of the opinion that the amendment- (a) is of a technical nature; (b) will not substantially affect the pension benefits, rights or obligations of a member, former member or beneficiary; (c) will not adversely affect any person entitled to payments from the pension fund; or (d) is required as a result of changes in the law.