Regulatory Alerts2019-09-12
Draft Amendments to Policy Statement to Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
Canadian securities regulators issued draft amendments to Policy Statement 81-101 to reduce regulatory burden for investment fund issuers by eliminating the requirement to file annual information forms alongside simplified prospectuses. The changes repeal specific sections and update formatting rules to allow mutual funds greater flexibility in presenting disclosure documents while ensuring readability. Additionally, the amendments clarify that non-educational material may be delivered with simplified prospectuses but cannot be bound to fund facts documents.
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