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, as amended (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 Retirement Plan of First Quantum Minerals Ltd., Registration Number 0952663 (the “Plan”).

TO:

Torys LLP
79 Wellington Street West
30th Floor, Box 270
TD South Tower
Toronto ON  M5K 1N2

Attention:

Mitch Frazer
Partner

Applicant (on behalf of Employer)

AND TO:

First Quantum Minerals Ltd.
1000 - 330 Bay Street
Toronto ON  M58 2S8

Attention:

Stella Won
Manager, Human Resources Corporate – Toronto

Employer

CONSENT

ON OR ABOUT July 4, 2018, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Retirement Plan of First Quantum Minerals Ltd., Registration Number 0952663, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to First Quantum Minerals Ltd. in the amount of $610,629 as at September 30, 2017, plus investment earnings thereon to the date of payment.

Si vous désirez recevoir cet avis en français, veuillez envoyer votre demande immédiatement à: Adjointe, audiences, Greffe, Commission des services financiers de l’Ontario, 5160 rue Yonge, boîte 85, Toronto ON M2N 6L9.

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 Retirement Plan of First Quantum Minerals Ltd. to First Quantum Minerals Ltd. in the amount of $610,629 as at September 30, 2017, plus investment earnings thereon to the date of payment.

DATED at Toronto, Ontario, this 24th day of August, 2018.

Original signed by

Gino Marandola
Director, Pension Plans Branch
by Delegated Authority from the
Superintendent of Financial Services

 

Queen's Printer for Ontario, 2018