Regulatory Alerts2022-01-06
Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
Canadian securities regulators issued Regulation 81-101 to standardize the disclosure requirements for mutual fund prospectuses and fund facts documents. The regulation mandates that mutual funds file simplified prospectuses and concurrent fund facts documents prepared according to specific forms, while defining key terms such as automatic switches and educational material. It further establishes strict timelines and procedures for filing amendments, delivering documents to investors, and submitting supporting materials like personal information forms for directors and promoters.
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