Regulatory Alerts2019-09-12
Draft Regulation to amend Regulation 41-101 respecting General Prospectus Requirements
The securities regulators have issued a draft regulation to amend Regulation 41-101 respecting General Prospectus Requirements to reduce regulatory burden for investment fund issuers. The amendment modifies the personal information form delivery requirements by replacing the existing provisions for directors, executive officers, and promoters with a more specific scope. Additionally, it introduces an exemption allowing investment funds to avoid delivering personal information forms for individuals who have already submitted Form 33-109F4 under Regulation 33-109.
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