Regulatory Alerts2019-01-03
Policy Statement to Regulation 81-102 Respecting Investment Funds
The Canadian securities regulatory authorities issued this policy statement to clarify interpretations of terms and provide recommendations for compliance with Regulation 81-102 respecting Investment Funds. The document defines key concepts such as alternative mutual funds, hedging, and sales communications, while outlining specific requirements for securityholder approval and disclosure of fundamental investment objectives. It further details permissible investment practices, including the treatment of specified derivatives, illiquid assets, and index mutual funds, to ensure consistent regulatory administration.
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