Regulatory Alerts2022-01-27
Regulation to amend Regulation 41-101 respecting General Prospectus Requirements
The securities regulator amends Regulation 41-101 to exempt investment funds from certain general prospectus requirements while introducing specific filing rules for Exchange Traded Funds. New Part 3D mandates that ETFs file amended prospectuses and blacklined ETF facts documents when material changes occur, ensuring transparent disclosure without a full prospectus. Additionally, the amendment establishes a 24-month lapse date for ETF prospectuses, allowing continued distribution under strict conditions involving timely filing of new documents and regulatory receipts.
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