Regulatory Alerts2022-01-05
Policy Statement to Regulation 81-107 respecting Independent Review Committee for Investment Funds
The Canadian Securities Administrators issued this policy statement to provide commentary on Regulation 81-107, which mandates independent review committees for investment funds. The document clarifies definitions for conflicts of interest and independence, while outlining manager obligations to establish written policies and refer specific matters to the committee. It further details the operational requirements for the independent review committee, including its composition, charter, and compensation structures.
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