Regulatory Alerts2023-10-19
Regulation to amend Regulation 81-102 respecting Investment Funds
The regulator amends Regulation 81-102 respecting Investment Funds to redefine settlement timelines by introducing a new 'reference settlement date' concept. This change replaces references to the second business day after the pricing date with the earlier of a mutually determined business day or that same second business day. Additionally, the amendment updates the final settlement deadline to the next business day after the reference settlement date to streamline mutual fund transaction processing.
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