Regulatory Alerts2021-10-07
Amendment to Policy Statement to Regulation 81-102 respecting Investment Funds
The Canadian securities regulators amended Policy Statement to Regulation 81-102 respecting Investment Funds to clarify regulatory requirements for non-reporting investment funds. The changes specify that certain investment restrictions and reporting exemptions apply to investments in other non-reporting funds, while also detailing the accounting and auditing standards for underlying funds. Additionally, the amendment inserts guidance regarding the determination of readily available ask prices for debt securities purchased within 60 days of distribution.
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