Regulatory Alerts2025-03-27
Regulation to amend Regulation 81-102 respecting Investment Funds
Canadian securities regulators amend Regulation 81-102 to formally include crypto assets within the definitions and investment permissions for alternative mutual funds and mutual funds. The amendments impose strict custody requirements, mandating that private cryptographic keys be held in offline storage and that custodians obtain annual reasonable assurance reports on their security systems. Additionally, the changes permit mutual funds to accept crypto assets as payment for securities issuance, provided the assets meet specific liquidity and valuation criteria.
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