24(1)If the administrator of a pension plan applies for registration of an amendment to the pension plan that may adversely affect the pension benefits, rights or obligations of a member or former member or a person entitled to payments under the pension plan, the administrator shall transmit to each such member, former member or other person a written notice containing an explanation of the amendment and inviting comments to be submitted to the administrator and the Superintendent, and the administrator shall provide to the Superintendent a copy of the notice and shall certify to the Superintendent the date on which the last such notice was transmitted.

24(2)The Superintendent shall not register an amendment mentioned in subsection (1) before the expiration of forty-five days after the date certified to the Superintendent under that subsection, but after the expiration of the forty-five-day period the Superintendent may register the amendment with such changes as are requested in writing by the administrator.

24(3)Within the prescribed period of time after an amendment to a pension plan is registered, the administrator shall transmit notice and an explanation of the amendment to each member, former member and other person affected by the amendment.

24(4)The Superintendent by order may dispense with the notice required by subsection (1) or (3), or both, if the Superintendent is of the opinion that the amendment is of a technical nature and will not substantially affect the pension benefits, rights or obligations of a member or former member or a person entitled to payments under the pension plan or if the amendment has been agreed to by a trade union that represents the members.