Regulatory Alerts2025-11-27
Regulation to amend Regulation 81-102 respecting Investment Funds
The regulator amends Regulation 81-102 respecting Investment Funds to introduce Part 6.1 establishing mandatory liquidity risk management requirements for investment funds. The amendment defines illiquid assets and mandates that funds establish a liquidity risk management framework, including specific oversight by a supervisor or committee, regular stress testing, and contingency planning. Additionally, the text updates French terminology to replace 'non liquide' with 'illiquide' and aligns exemption provisions with the new Part 6.1.
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