Disclaimer
This is a reproduction of a Consent as issued and is provided for reference purposes only. In the event of an inconsistency, the Consent as issued takes precedence over this reproduction.

 

 
Superintendent of
Financial
Services
 
Ontario Coat of Arms
 
Surintendant des
services
financiers
 

IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8, (the “PBA”);

AND IN THE MATTER OF a Notice of Intended Decision of the Superintendent of Financial Services to consent under section 62.1(5) of the PBA to a payment out of the pension fund for the Pension Plan for Magdi Bissada of Bissma Pacific Inc., Registration Number 1195882 (the “Plan”).

 

TO:

Bissma Pacific Inc.
c/o Grant Thorton Limited
19th Floor, Royal Bank Plaza South Tower
200 Bay Street, Box 55
Toronto ON  M5J 2P9

Attention:
Yarina Tarasenko

AND TO:

Gordon B. Lang & Associates Inc.
Suite 260, 1209 – 59th Avenue SE
Calgary AB   T2H 2P6

Attention:
Margie Benedict


CONSENT

ON OR ABOUT May 27, 2014, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Pension Plan for Magdi Bissada of Bissma Pacific Inc., Registration No. 1195882, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the  Plan to Bissama Pacific Inc. in the amount of $11,721, as at December 31, 2010, plus investment earnings thereon to the date of payment.

NO REQUEST FOR HEARING was delivered to the Financial Services Tribunal by the Applicant or any other party within the time prescribed by section 89(6) of the PBA.

THE SUPERINTENDENT OF FINANCIAL SERVICES THEREFORE CONSENTS, for the reasons set out in the Notice of Intended Decision, to the payment out of the Pension Plan for Magdi Bissada of Bissma Pacific Inc. to Bissma Pacific Inc., in the amount of $11,721, as at December 31, 2010, plus investment earnings thereon to the date of payment.

 

DATED at Toronto, Ontario, this this 8th day of September, 2014.

Original Signed By

John Avgeris
Director, Pension Plans Branch
by Delegated Authority from the
Superintendent of Financial Services

© Queen's Printer for Ontario, 2014