Regulatory Alerts2024-11-28
CSA Publication Notice: Regulation to Amend Regulation 81-101 Respecting Mutual Fund Prospectus Disclosure
The Canadian Securities Administrators are adopting amendments to modernize the prospectus filing model for investment funds by extending the lapse date for continuous distribution from 12 to 24 months and repealing the 90-day rule for final prospectus filing. These changes reduce regulatory burden by aligning filing requirements with the shift toward delivering Fund Facts and ETF Facts to investors, while maintaining information currency through annual filings of those summary documents. The Amendments, which include consequential updates to disclosure forms and local fee rules, are scheduled to come into force on March 3, 2025, subject to ministerial approvals.
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