Regulatory Alerts2019-09-12
Draft Amendments to Policy Statement to Regulation 41-101 respecting General Prospectus Requirements
The regulator issued draft amendments to Policy Statement to Regulation 41-101 respecting General Prospectus Requirements to reduce regulatory burden for investment fund issuers. The changes modify Section 5A.4 by replacing references to specific ETF websites with the standardized term 'designated website'. These updates streamline disclosure requirements by allowing ETFs to make fund profiles available on their designated websites rather than specific URLs.
AMENDMENTS TO POLICY STATEMENT TO REGULATION 41-101 RESPECTING GENERAL PROSPECTUS REQUIREMENTS
- Section 5A.4 of Policy Statement to Regulation 41-101 respecting General Prospectus Requirements is amended: (1) in paragraph (1): (a) by replacing the words “to the website of the ETF, the ETF’s family or the manager of the ETF, as applicable” with the words “on its designated website”; (b) by replacing, wherever it appears, the word “website” with the words “designated website”; (2) in paragraph (2): (a) by replacing the first sentence with the following: “Many ETFs have fund profiles that are available on their designated website.”; (b) by replacing the words “to a website” with the words “on the ETF’s designated website”.
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