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ESG Standards Version 15 has been published

2004 RRSP Contribution Period Edit

Update: Empty Settlement Instruction Files

The Personal Information Protection and Electronic Documents Act (PIPEDA)

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Upcoming changes to the Income Tax Act (ITA) will require that the Social Insurance Number (SIN) of all Registered Education Savings Plan (RESP) beneficiaries be reported to the promoter prior to the contribution being made. This means that orders sent to fund companies via FundSERV must include the Beneficiary SIN (position 670-678) in the order entry file for new client name purchases. Since the current order entry layout only has room for a single Beneficiary SIN, all purchases placed into new client name RESP accounts must be placed for a single beneficiary (Beneficiary Indicator = S). Orders sent with the Beneficiary Indicator set to "M" (multiple) will be rejected.

This edit change takes effect January 1, 2004 and is documented in Version 14.2 of the ESG Standards. With the implementation of XML-based TFS standards in ESG V15, information for up to ten beneficiaries can be sent.

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