Regulatory Alerts2023-06-09
Policy Statement 41-201 Respecting Income Trusts and Other Indirect Offerings
The Canadian Securities Administrators issued this policy to clarify how existing securities regulations apply to income trusts and other indirect offering structures. It mandates specific prospectus and continuous disclosure requirements, particularly regarding the definition, calculation, and reconciliation of distributable cash. The guidance aims to ensure investors receive sufficient information to assess the sustainability of distributions and the risks associated with these non-corporate issuers.
Share