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2021-10-07

Regulation to amend Regulation 81-107 respecting Independent Review Committee for Investment Funds

The regulator amends Regulation 81-107 to define "designated website" by referencing Regulation 81-106 and requires managers to make specific documents prominently available on that website. This amendment modifies section 4.4 to ensure investment fund materials are accessible via the designated online platform. The regulation generally came into force on January 6, 2022, with a transition period allowing compliance with prior versions until September 6, 2022.

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Autorite des marches financiers Quebec

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REGULATION TO AMEND REGULATION 81-107 RESPECTING INDEPENDENT REVIEW COMMITTEE FOR INVESTMENT FUNDS Securities Act (chapter V-1.1, a. 331.1, par. (2), (4.1), (8), (19.5), (20) and (34))

  1. Regulation 81-107 respecting Independent Review Committee for Investment Funds (chapter V-1.1, r. 43) is amended by inserting, after section 1.7, the following: “1.8. Definition of “designated website” In this Regulation, “designated website” has the meaning ascribed to that term in Regulation 81-106 respecting Investment Fund Continuous Disclosure (chapter V-1.1, r. 42).”.
  2. Section 4.4 of the Regulation is amended by replacing subparagraph (b) of paragraph (2) with the following: “(b) be made available and prominently displayed by the manager on the investment fund’s designated website;”.
  3. Transition Before 6 September 2022, an investment fund is not required to comply with the Regulation, as amended by this Regulation, if the investment fund complies with (a) the Regulation as it was in force on 5 January 2022, (b) in the case of a mutual fund to which Regulation 81-101 respecting Mutual Fund Prospectus Disclosure (chapter V-1.1, r. 38) applies, Regulation 81-101 respecting Mutual Fund Prospectus Disclosure as it was in force on 5 January 2022, and (c) in the case of an investment fund not referred to in paragraph (b), Regulation 41-101 respecting General Prospectus Requirements (chapter V-1.1, r. 14) as it was in force on 5 January 2022.
  4. Effective Date (1) This Regulation comes into force on 6 January 2022. (2) In Saskatchewan, despite paragraph (1), if this Regulation is filed with the Registrar of Regulations after 6 January 2022, this Regulation come into force on the day on which it is filed with the Registrar of Regulations.
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