Regulatory Alerts2019-09-12
Draft Regulation to Amend Regulation 81-102 Respecting Investment Funds
The securities regulator amends Regulation 81-102 to reduce regulatory burden for investment fund issuers by modifying disclosure requirements for material changes. The amendments introduce new obligations for issuers to describe proposed changes, quantify their impact on management expense ratios, and provide detailed information regarding new fund managers. These changes streamline reporting standards by deleting specific existing subparagraphs from sections 5.5 and 5.7 while enhancing transparency for transactions involving management changes.
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