2019-09-12

Regulation to Amend the Securities Regulation – Reducing Regulatory Burden for Investment Fund Issuers (Phase 2, Stage 1)

The regulator amends section 271 of the Securities Regulation to modify asset requirements for investment fund issuers. This change replaces “all its assets” with “all or part of its assets,” directly reducing compliance burdens. The amendment takes effect upon the official insertion of its coming-into-force date.

Canada

Autorite des marches financiers Quebec

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REGULATION TO AMEND THE SECURITIES REGULATION Securities Act (chapter V-1.1, s. 331, subpar. (9))

1. The Securities Regulation (chapter V-1.1, r. 50) is amended by replacing the words “all its assets” in paragraph 1 of section 271 with the words “all or part of its assets”.
2. This Regulation comes into force on (insert here the date of coming into force of this Regulation).