Regulatory Alerts2025-06-12
Changes to Policy Statement to Regulation 81-102 respecting Investment Funds
The Canadian securities regulatory authorities amended Policy Statement to Regulation 81-102 to clarify the definition of crypto assets and update French terminology from 'garantie' to 'sûreté'. The amendments permit mutual funds to invest in crypto assets listed on recognized exchanges or derivatives while establishing specific custody requirements for private key storage, cybersecurity, and insurance. Additionally, the regulators specified that SOC-2 Type II reports satisfy the internal control assessment requirements for custodians holding crypto assets.
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