Regulatory Alerts2024-11-28
Regulation to amend Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
Canadian securities regulators amended Regulation 81-101 to establish a 24-month lapse date for simplified prospectuses, allowing mutual funds to distribute securities using Fund Facts documents during the transition period. The amendments impose specific filing and delivery requirements for material changes and blacklined documents when funds operate under the new disclosure regime. These changes take effect on March 3, 2025, with transitional provisions ensuring that funds with receipts issued prior to that date remain subject to the previous rules.
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