Regulatory Alerts2019-09-12
Draft Regulation to Amend Regulation 81-107 Respecting Independent Review Committee for Investment Funds
The securities regulator amends Regulation 81-107 to modify the disclosure requirements for Independent Review Committees of investment funds. The amendment replaces existing text to mandate that committee reports be made available and prominently displayed by the manager on the investment fund’s designated website. This change aims to reduce regulatory burden for investment fund issuers while ensuring greater transparency for investors.
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