Regulatory Alerts2019-09-12
Draft Amendments to Policy Statement to Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
Canadian securities regulators issued draft amendments to Policy Statement 81-101 to reduce regulatory burden for investment fund issuers. The changes standardize disclosure requirements by replacing references to various websites with the specific term 'designated website' across Sections 2.8, 4.1.3, and 7.4. This terminology update ensures consistent language regarding where mutual fund prospectuses and related documents must be made available to investors.
AMENDMENTS TO POLICY STATEMENT TO REGULATION 81-101 RESPECTING MUTUAL FUND PROSPECTUS DISCLOSURE
- Section 2.8 of Policy Statement to Regulation 81-101 respecting Mutual Fund Prospectus Disclosure is amended by replacing the words “to the website of the mutual fund, the mutual fund’s family or the manager of the mutual fund, as applicable” with the words “on its designated website” and by replacing, wherever it appears, the word “website” with the words “designated website”.
- Section 4.1.3 of the Policy Statement is amended, in paragraph (3), by replacing the words “to the website of the mutual fund, the mutual fund’s family or the manager of the mutual fund” with the words “on its designated website” and the words “to a website” with the words “on a designated website”.
- Section 7.4 of the Policy Statement is amended by replacing, in paragraph (2), the words “on a website” with the words “on a mutual fund’s designated website”.
Share