Regulatory Alerts2022-01-06
Policy Statement to Regulation 81-102 Respecting Investment Funds
The Canadian securities regulatory authorities issued this consolidated policy statement to provide interpretive guidance and compliance recommendations for Regulation 81-102 respecting Investment Funds. The document clarifies the definitions of key terms such as alternative mutual funds, hedging, illiquid assets, and sales communications to ensure consistent application of the regulation. It further outlines specific requirements for investment fund operations, including the interpretation of fundamental investment objectives and the classification of specified derivatives.
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