Regulatory Alerts2021-10-07
Amendments to Policy Statement to Regulation 41-101 respecting General Prospectus Requirements
The securities regulators amended the Policy Statement to Regulation 41-101 to establish Part 5B, which provides exemptive relief for filing prospectuses. This amendment allows mutual funds with previous exemptions to comply by filing a simplified prospectus in accordance with Form 81-101F1. The new compliance option becomes effective for filings made after January 5, 2022.
AMENDMENTS TO POLICY STATEMENT TO REGULATION 41-101 RESPECTING GENERAL PROSPECTUS REQUIREMENTS
- Policy Statement to Regulation 41-101 respecting General Prospectus Requirements is amended by inserting, after section 5A.5, the following part: “PART 5B EXEMPTIVE RELIEF TO FILE PROSPECTUS PREPARED IN ACCORDANCE WITH FORM 81-101F1 5B.1. Previous Form Exemptions A mutual fund granted an exemption to file a simplified prospectus prepared in accordance with Form 81-101F1 and an annual information form prepared in accordance with Form 81-101F2 in lieu of a prospectus prepared in accordance with Form 41-101F2, may comply with such an exemption after January 5, 2022 by filing a simplified prospectus in accordance with Form 81-101F1.”.
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