Regulatory Alerts2022-01-27
Amendments to Policy Statement to Regulation 41-101 respecting General Prospectus Requirements
The Canadian securities regulators amended Policy Statement to Regulation 41-101 to establish specific filing categories for Exchange Traded Fund facts documents submitted without a prospectus. The update requires that ETF facts documents containing only routine updates be filed under the "Year 2 ETF Facts – Auto Public" category, while those involving material changes must be filed under "Year 2 ETF Facts – Private" alongside additional disclosure documents. This change clarifies the reporting obligations for ETF managers regarding continuous disclosure requirements under Regulation 81-106.
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