Regulatory Alerts2024-11-28
Regulation to amend Regulation 81-106 respecting Investment Fund Continuous Disclosure
The securities regulators amended Regulation 81-106 to modify the annual information filing requirements for investment funds. The changes exempt funds in continuous distribution that filed ETF or fund facts documents from the obligation to file an annual information form if they have not obtained a prospectus receipt in the preceding 12 months. These amendments come into force on March 3, 2025, with a specific filing-based effective date provision for Saskatchewan.
REGULATION TO AMEND REGULATION 81-106 RESPECTING INVESTMENT FUND CONTINUOUS DISCLOSURE Securities Act (chapter V-1.1, s. 331.1, par. (1), (6) and (14))
- Section 9.2 of Regulation 81-106 respecting Investment Fund Continuous Disclosure (chapter V-1.1, r. 42) is replaced with the following: “9.2. Requirement to File Annual Information Form (1) An investment fund must file an annual information form if the investment fund has not obtained a receipt for a prospectus during the last 12 months preceding its financial year end. (2) Subsection (1) does not apply to an investment fund in continuous distribution that, during the 12 months preceding its financial year end, filed (a) an ETF facts document under section 3D.1 of Regulation 41-101 respecting General Prospectus Requirements (chapter V-1.1, r. 14), or (b) a fund facts document under subsection 2.3(5.2) of Regulation 81-101 respecting Mutual Fund Prospectus Disclosure (chapter V-1.1, r. 38).”.
- (1) This Regulation comes into force on 3 March 2025. (2) In Saskatchewan, despite paragraph (1), if this Regulation is filed with the Registrar of Regulations after 3 March 2025, this Regulation come into force on the day on which it is filed with the Registrar of Regulations.
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