Regulatory Alerts2023-06-09
Policy Statement to Regulation 81-106 Respecting Investment Fund Continuous Disclosure
The Canadian Securities Regulatory Authorities issued this policy to clarify the interpretation and application of Regulation 81-106 regarding continuous disclosure obligations for investment funds. The document establishes requirements for financial statement preparation under Canadian GAAP and IFRS, mandates specific disclosures for soft dollars and securities lending, and outlines auditor responsibilities including the prohibition of modified opinions. It further defines the scope of investment funds, electronic filing procedures via SEDAR+, and delivery options for financial statements and management reports to securityholders.
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