Regulatory Alerts2024-11-28
Regulation to amend Regulation 41-101 respecting General Prospectus Requirements
Regulators amend Regulation 41-101 to establish new filing requirements for ETF facts documents without a prospectus and to define specific lapse dates for ETF prospectus validity. The changes mandate that ETFs file amended prospectuses and blacklined documents upon material changes, while allowing continued distribution for up to 24 months if specific procedural conditions are met. These provisions come into force on March 3, 2025, with transitional rules exempting ETFs that received prospectus receipts before that date from the new lapse date rules.
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