Effective February 11, 2022, the Financial Services Regulatory Authority of Ontario (FSRA) has confirmed amendments to the Pension Benefits Act removing the requirement for plan administrators of member-directed Defined Contribution Pension Plans (DCPP) to prepare a Statement of Investment Policies and Procedures (SIPP).  FSRA also confirmed the requirement for plan administrators of DCPPs to file an auditor’s report to accompany the annual financial statements has been removed.  FSRA can request audited financial statements in certain circumstances.