Regulatory Alerts2019-05-02
Amendment to Policy Statement to Regulation 81-102 Respecting Investment Funds
The Canadian Securities Administrators amended the Policy Statement to Regulation 81-102 to incorporate new requirements for electronic document transmission. The amendment inserts Part 2.1, mandating that documents filed with regulators outside of Québec must be submitted electronically via the Renewed System as prescribed by Regulation 13-103. This change ensures alignment with the phased implementation of the Renewed System while excluding specific securities legislation documents from electronic filing.
AMENDMENTS TO POLICY STATEMENT TO REGULATION 81-102 RESPECTING INVESTMENT FUNDS
- Policy Statement to Regulation 81-102 respecting Investment Funds is amended by inserting, after Part 2, the following: “PART 2.1 ELECTRONIC TRANSMISSION Regulation 13-103 respecting System Replacement (insert reference) prescribes that each document that is required or permitted to be provided to a regulator, except in Québec, or securities regulatory authority must be transmitted to the regulator, except in Québec, or securities regulatory authority electronically through the [Renewed System]. The reference to a document includes any report, form, application, information, material and notice, as well as a copy thereof, and applies to documents that are required or permitted to be filed or deposited with, or delivered, furnished, sent, provided, submitted or otherwise transmitted to, a regulator, except in Québec, or securities regulatory authority. To reflect the phased implementation of the [Renewed System], the Appendix of Regulation 13-103 respecting System Replacement sets out securities legislation under which documents are excluded from being filed or delivered in the [Renewed System]. Reference to Regulation 13-103 respecting System Replacement should be made when providing any document to a regulator, except in Québec, or securities regulatory authority under the Regulation and this Policy.”.
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