Regulatory Alerts2024-09-19
CSA Notice of Consultation: Modernization of the Continuous Disclosure Regime for Investment Funds
The Canadian Securities Administrators are proposing amendments to modernize the continuous disclosure regime for investment funds to improve investor outcomes and reduce regulatory burden. The proposals replace the Management Report of Fund Performance with a streamlined Fund Report, introduce an exemption for certain conflict of interest reporting, and eliminate specific class-level disclosures from financial statements. These draft regulations and policy changes are open for a 120-day comment period across most Canadian jurisdictions.
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