December 10, 2012
As of today, the Superintendent has not made any decision on BCE’s surplus withdrawal application, which was filed in August. Neither has the Superintendent expressed any concern or issues with anything in the application. We have been told, after writing to FSCO, that they are still reviewing the application. As a result of these developments, we can advise that it is virtually impossible for payments to commence in 2012. As a result, all members should expect that any surplus payments will be made, assuming a timely decision from FSCO late this month or in the new year, in the Q1 of 2013. We will, of course, keep you updated including on this website as soon as there is a material development on the progress of the distribution. We at Koskie Minsky LLP, and the Member Committee, wish you and your families a happy holiday season.