TORONTO, Aug. 22,
2024 /CNW/ - Ontario's financial services
regulator, FSRA, has issued an Order against Xylem Canada
Company (Xylem).
Xylem contravened the Pension Benefits Act, R.S.O.
1990, c. P.8, and its regulations, by failing to submit regulatory
filings for 2022 and 2023 relating to the Xylem Canada Company
Pension Plan, Registration Number 0231761, and the Pension Plan for
Union Employees of the Former Ontario Malleable Iron Facility of
Xylem Canada Company, Registration Number 0322214.
FSRA issued this Order as Xylem did not request a hearing before
the Financial Service Tribunal or contest FSRA's decision.
- Xylem Company Canada (Pension Plan Administrator)
- Xylem Company Canada (Pension Plan Sponsor)
Learn more:
Access our enforcement database to see how FSRA is
working to protect consumers through its monitoring and enforcement
activities.
For media inquiries:
Russ Courtney
Senior Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: russ.courtney@fsrao.ca
SOURCE Financial Services Regulatory Authority of Ontario