2019-09-12

Draft Amendment to Policy Statement 81-107 respecting Independent Review Committee for Investment Funds

The regulator amends Policy Statement 81-107 to reduce regulatory burden for investment fund issuers by modifying disclosure requirements. Section 4.4 is updated to replace references to the investment fund, family, or manager website with the specific term 'investment fund’s designated website.' This change standardizes the location where independent review committee reports must be published.

Canada

Autorite des marches financiers Quebec

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AMENDMENTS TO POLICY STATEMENT TO REGULATION 81-107 RESPECTING INDEPENDENT REVIEW COMMITTEE FOR INVESTMENT FUNDS

1. Section 4.4 of Policy Statement to Regulation 81-107 respecting Independent Review Committee for Investment Funds is amended, in paragraph (2), by replacing the words “the website of the investment fund, the investment fund family or the manager, as applicable” with the words “the investment fund’s designated website” and the words “on the website” with the words “on the designated website”.