Regulatory Alerts2021-12-23
Amendments to Policy Statement to Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
Canadian securities regulators amended Policy Statement 81-101 to reduce regulatory burden for investment fund issuers by eliminating the annual information form requirement and replacing it with simplified prospectus disclosure. The amendments update terminology, repeal outdated sections, and clarify filing procedures for multiple simplified prospectuses and non-educational material delivery. Transitional provisions allow existing exemptions to remain valid after January 6, 2022, while standardizing website disclosure references to designated websites.
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