Regulatory Alerts2019-09-12
CSA Notice of Consultation: Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, Stage 1
The Canadian Securities Administrators propose draft amendments to reduce regulatory burdens for investment fund issuers by consolidating the Simplified Prospectus and Annual Information Form into a single document. The notice also introduces requirements for funds to designate qualifying websites for disclosure, codifies notice-and-access systems for proxy solicitations, and eliminates redundant Personal Information Form filings. Additionally, the amendments codify exemptive relief regarding conflict of interest prohibitions to streamline operational compliance while maintaining investor protection.
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