The Office of the Superintendent of Financial Institutions (OSFI) wishes to bring to your attention that the Government of Canada has enacted new regulations to assist in the fight against terrorism. The United Nations Suppression of Terrorism Regulations implement key measures contained in a resolution adopted by the United Nations Security Council on September 28, 2001. A copy of the administrative consolidation of the Regulations, dated October 16, 2001, is available from OSFI's Web site (www.osfi-bsif.gc.ca) from the Home Page and What's New section. A copy of the most recent consolidated list of terrorists and terrorist organizations, dated October 12, 2001, is also posted to these areas.

The Regulations strengthen the Government's authority to freeze the assets of terrorist groups or individuals involved in terrorist activities and the movement of these assets. No person in Canada or a Canadian outside of Canada will be permitted to knowingly deal directly or indirectly with any asset owned or controlled by a listed person. The Regulations also prohibit the provision and collection of funds to listed persons.

In addition to the foregoing, if you discover that a pension plan you administer has a member, former member or other beneficiary of the plan covered by the Regulations, you are required to report such information to the RCMP and CSIS immediately. Information may be provided to these organizations as follows:

RCMP Financial Intelligence Task Force Unclassified fax: (613) 993-9474

CSIS Security Screening Branch Project Leader, Government Operations Unclassified fax (613) 842-1902

Such reporting should also be done in the event that any of a pension plan's investments are with a person covered by the Regulations. OSFI will continue to alert you to new names as they become available.

Under the Regulations, federally regulated financial institutions are required to report to OSFI on a monthly basis the results of their on-going review of records for terrorist names; however, federally regulated pension plan administrators are not required to file such reports.

If you would like to receive hard copies of the Regulations, letters or list, please e-mail your questions or requests to extcomm@osfi-bsif.gc.ca.

As always, OSFI expects federally regulated pension plans and their administrators to observe the relevant laws and regulations of all jurisdictions in which they operate.

We know we can count on your cooperation in this very important matter.