The
Regulation to amend the Regulation respecting the exemption of certain categories of pension plans from the application of provisions of the Supplemental Pension Plans Act (French only) was published on 6 November 2024 in the Gazette officielle du Québec.
Its purpose is to harmonize the provisions of the Regulation regarding:
- flexible pension plans, with the tax rules;
- member-funded pension plans, with the provisions in force of the Supplemental Pension Plans Act and the Regulation respecting supplemental pension plans.
It also includes the following measures:
- Raising the number of plan members and beneficiaries from 26 to 51 under which the employer may serve as pension committee, if the plan text so provides.
- Providing for the exemption from the financial report audit for every plan whose market value of the assets is lower than $5 million, regardless of the number of plan members and beneficiaries.
The Regulation was made with amendments. It comes into force on 21 November 2024.
An English version of the Regulation is available at Les Publications du Québec – on the
Gazette officielle's website 
.