Regulatory Alerts2022-01-05
Policy Statement 81-106 to Regulation 81-106 Respecting Investment Fund Continuous Disclosure
The Canadian Securities Administrators issued this policy statement to clarify the interpretation and application of Regulation 81-106 regarding continuous disclosure obligations for investment funds. The document outlines specific requirements for financial statements, including the classification of securities under IFRS, the disclosure of soft dollars and securities lending transactions, and the role of auditors in reviewing interim reports. It further establishes guidelines for the delivery of disclosure documents to securityholders and mandates compliance with plain language principles to ensure investor understanding.
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