International Financial Reporting Standards

In 2006, the Accounting Standards Board announced Canada’s intention for all publicly accountable enterprises to adopt International Financial Reporting Standards in place of Canadian Generally Accepted Accounting Principles. While the final verdict is still out on timelines for this change, as well as how pension plans like HOOPP will be impacted, HOOPP is working proactively to address the issue through discussions with other pension plans, regulators, and standard-setters to assess implications.

Trade Matching

HOOPP’s Investment Finance Operations aims to achieve the standards set forth by The Canadian Capital Markets Association as outlined in the National Instrument 24-101. HOOPP employs appropriate policies and procedures to ensure efficient and timely settlement of institutional trades.