Regulatory Alerts2022-09-27
CSA Notice of Consultation: Draft Amendments to Implement an Access-Based Model for Investment Fund Reporting Issuers
The Canadian Securities Administrators propose replacing mandatory delivery of financial statements and management reports for investment fund reporting issuers with an access-based model requiring website posting and news release announcements. This change aims to reduce regulatory burdens and printing costs while maintaining investor protection by allowing securityholders to request documents in paper or electronic format. The CSA explicitly excludes offering documents such as prospectuses and Fund Facts from this model, citing their critical role in investor decision-making.
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