Regulatory Alerts2021-10-07
Amendment to Policy Statement to Regulation 81-106 respecting Investment Fund Continuous Disclosure
The Canadian Securities Administrators amended Policy Statement 81-106 to provide detailed guidance on the use of notice-and-access for investment fund proxy solicitations. The new section 8.2 clarifies that persons soliciting proxies must ensure the process is appropriate, user-friendly, and does not disenfranchise beneficial owners or result in material declines in voting rates. It also establishes requirements for clear matter descriptions, toll-free access to paper copies, and the delivery of materials via electronic means with consent.
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