Regulatory Alerts2021-10-07
Regulation to amend Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
Canadian securities regulators amended Regulation 81-101 to streamline mutual fund prospectus disclosure by replacing references to annual information forms with simplified prospectuses and fund facts documents. The amendment repeals definitions for multiple and single AIFs while updating filing requirements to mandate the concurrent submission of simplified prospectuses and fund facts documents. It also replaces Form 81-101F1 with new instructions for simplified prospectus contents and clarifies the evidentiary value of receipt issuance for exemptions.
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