Regulatory Alerts2026-04-22
Policy Statement to Regulation 81-107 Respecting Independent Review Committee for Investment Funds
The Canadian Securities Administrators issued this policy statement to provide commentary on Regulation 81-107, which mandates the establishment of Independent Review Committees for investment funds. The document defines key terms such as conflict of interest matters and independent members, while outlining the manager's obligations to refer specific conflicts to the committee and maintain written policies. It further details the structural requirements for the committee, including independence criteria, appointment procedures, and the necessity of a written charter to ensure effective oversight of fund operations.
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