Regulatory Alerts2022-01-05
Policy Statement to Regulation 81-102 Respecting Investment Funds
The Canadian securities regulatory authorities issued this consolidated policy statement to provide interpretive guidance on Regulation 81-102 respecting Investment Funds. The document clarifies the definitions of key terms such as alternative mutual funds, hedging, illiquid assets, and sales communications to ensure consistent regulatory application. It further outlines specific requirements and recommendations for investment fund operations, including fundamental investment objectives and the use of specified derivatives.
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