Regulatory Alerts2021-10-07
CSA Notice of Publication: Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, Stage 1
The Canadian Securities Administrators (CSA) are adopting amendments to numerous regulations and policy statements to implement Phase 2, Stage 1 of their initiative to reduce regulatory burden for investment fund issuers. These amendments consolidate the simplified prospectus and annual information form, mandate designated websites for reporting investment funds, codify notice-and-access for proxy solicitations, eliminate Personal Information Form requirements for specified individuals, and codify various conflict of interest exemptions. Subject to Ministerial Approval, the amendments will come into force on January 5, 2022, for Workstreams 3-8 and January 6, 2022, for Workstreams 1 and 2, with an exemption for Workstreams 1 and 2 until September 6, 2022.