Regulatory Alerts2022-01-05
Regulation 81-107 respecting Independent Review Committee for Investment Funds
This regulation mandates that investment funds establish an independent review committee to oversee conflicts of interest and ensure compliance with securities legislation. It defines the committee's composition, independence criteria, and authority to review matters referred by managers, including the power to engage independent advisors. The document further outlines the manager's obligations to provide information and assistance, while establishing standards of care, indemnification, and annual assessment requirements for the committee.
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