Regulatory Alerts2022-01-06
Regulation 81-107 respecting Independent Review Committee for Investment Funds
Issued by the Québec securities regulator under the Securities Act, this regulation mandates that investment funds establish an independent review committee to oversee conflicts of interest and self-dealing matters. It defines the committee's composition, independence criteria, and authority to review manager-referred issues, while requiring managers to maintain written policies and provide necessary assistance. The document further outlines the committee's obligations regarding annual assessments, member compensation, indemnification, and direct communication with regulatory authorities.
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