Regulatory Alerts2021-10-07
Regulation to amend Regulation 81-102 respecting Investment Funds
The securities regulator amends Regulation 81-102 to update the conditions under which an investment fund may reorganize or transfer assets to another fund. The changes refine the requirements for the target fund to have substantially similar investment objectives and fee structures, while mandating specific disclosure in circulars if differences exist or if the transaction lacks tax-deferred status. These amendments come into force on January 5, 2022, with a delayed effective date for Saskatchewan if filed after that date.
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