Regulatory Alerts2025-11-27
Changes to Policy Statement to Regulation 81-102 Respecting Investment Funds
The Canadian securities regulatory authorities have amended Policy Statement to Regulation 81-102 to establish comprehensive liquidity risk management requirements for investment funds. The update mandates that funds implement robust liquidity risk management frameworks, including detailed policies, stress testing, and contingency plans to address potential redemption pressures. Additionally, the authorities clarified oversight obligations by requiring the appointment of liquidity risk management supervisors or committees to ensure adequate governance and compliance with these new standards.
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