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2021-12-23

Amendments to Policy Statement to Regulation 41-101 Respecting General Prospectus Requirements

The regulator amends Policy Statement to Regulation 41-101 to update terminology regarding the publication of Exchange-Traded Fund profiles on designated websites. The amendments replace references to specific fund or manager websites with the broader term designated website to streamline disclosure requirements. Additionally, the document inserts new exemptive relief provisions allowing mutual funds previously granted exemptions to file simplified prospectuses under Form 81-101F1 to continue complying with those exemptions after January 5, 2022.

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Autorite des marches financiers Quebec

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AMENDMENTS TO POLICY STATEMENT TO REGULATION 41-101 RESPECTING GENERAL PROSPECTUS REQUIREMENTS

  1. Section 5A.4 of Policy Statement to Regulation 41-101 respecting General Prospectus Requirements is amended: (1) in paragraph (1): (a) by replacing the words “to the website of the ETF, the ETF’s family or the manager of the ETF, as applicable” with the words “on its designated website”; (b) by replacing, wherever it appears, the word “website” with the words “designated website”; (2) in paragraph (2): (a) by replacing the first sentence with the following: “Many ETFs have fund profiles which they can choose to make available on their designated website, or another website.”; (b) by replacing the words “to a website” with the words “on the ETF’s designated website or another website”.
  2. The Policy Statement is amended by inserting, after section 5A.5, the following part: “PART 5B EXEMPTIVE RELIEF TO FILE PROSPECTUS PREPARED IN ACCORDANCE WITH FORM 81-101F1 5B.1. Previous Form Exemptions A mutual fund granted an exemption to file a simplified prospectus prepared in accordance with Form 81-101F1 and an annual information form prepared in accordance with Form 81-101F2 in lieu of a prospectus prepared in accordance with Form 41-101F2, may comply with such an exemption after January 5, 2022 by filing a simplified prospectus in accordance with Form 81-101F1.”.
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