Refusal of registration and revocation of registration
13(1)The Superintendent may
(a)
refuse to register a pension plan that does not comply with this Act and the regulations,
(b)
revoke the registration of a pension plan that does not comply with this Act and the regulations,
(c)
revoke the registration of a pension plan that is not being administered in accordance with this Act and the regulations,
(d)
refuse to register an amendment to a pension plan if the amendment is void or if the pension plan with the amendment would cease to comply with this Act and the regulations, and
(e)
revoke the registration of an amendment that does not comply with this Act and the regulations.
13(2)Registration under this Act of a pension plan or an amendment to a pension plan shall not be construed as proof that the plan or the amendment complies with this Act and the regulations.
13(3)A refusal of registration of a pension plan or a revocation of registration of a pension plan operates to terminate the pension plan as of the date specified by the Superintendent.
13(4)A refusal of registration of an amendment to a pension plan or the revocation of registration of an amendment to a pension plan operates to terminate the amendment as of the date specified by the Superintendent.
13(5)Where registration of a pension plan is refused or revoked the administrator shall wind up the pension plan in accordance with this Act and the regulations.