Regulatory Alerts2019-09-12
Draft Regulation to amend Regulation 81-106 respecting Investment Fund Continuous Disclosure
Canadian securities regulators have issued a draft regulation to amend Regulation 81-106, introducing a notice-and-access delivery method for investment fund proxy-related materials to reduce regulatory burden. The new rules permit solicitors to send a concise notice with website links to full documents instead of physical copies, provided they meet strict timing, content, and accessibility requirements. Additionally, the amendment establishes privacy protections by restricting information gathering from requesters and allows for standing instructions regarding paper copy delivery.
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