Regulatory Alerts2023-08-31
Multilateral CSA Notice: Repeal of Regulation 81-104 respecting Alternative Mutual Funds
The Canadian Securities Administrators, excluding the Autorité des marchés financiers, are repealing Regulation 81-104 in its entirety to eliminate redundant proficiency requirements for mutual fund restricted individuals. This action follows the codification of alternative course options into CIRO Rule 1000, which modernizes dealer standards and reduces regulatory burden while maintaining investor protection. The repeal is scheduled to come into force on January 29, 2024, subject to ministerial approvals in certain jurisdictions.
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