Regulatory Alerts2021-12-23
Order approving amendments to reduce regulatory burden for investment fund issuers
The Minister of Finance of Quebec approved regulations proposed by the Autorité des marchés financiers to amend prospectus and disclosure requirements for investment fund issuers. These amendments reduce regulatory burdens by exempting dealers from delivering ETF facts documents for subsequent purchases under pre-authorized plans, portfolio rebalancing, and automatic switch programs, provided specific notice and access conditions are met. The order also updates personal information form requirements and establishes specific disclosure rules for ETF automatic switch programs to ensure transparency for investors.
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