Regulatory Alerts2022-01-27
Regulation to amend Regulation 81-106 respecting Investment Fund Continuous Disclosure
The securities regulator amends Regulation 81-106 to modify the annual information filing requirements for investment funds. The revised Section 9.2 mandates that funds file an annual information form if they have not obtained a prospectus receipt in the preceding 12 months. This requirement is exempted for funds in continuous distribution that have filed an ETF facts document or a fund facts document during that period.
REGULATION TO AMEND REGULATION 81-106 RESPECTING INVESTMENT FUND CONTINUOUS DISCLOSURE Securities Act (chapter V-1.1, s. 331.1, par. (1), (6) and (14))
- Section 9.2 of Regulation 81-106 respecting Investment Fund Continuous Disclosure (chapter V-1.1, r. 42) is replaced with the following: “9.2. Requirement to File Annual Information Form (1) An investment fund must file an annual information form if the investment fund has not obtained a receipt for a prospectus during the last 12 months preceding its financial year end. (2) Subsection (1) does not apply to an investment fund in continuous distribution that, during the 12 months preceding its financial year end, has filed (a) an ETF facts document under section 3D.1 of Regulation 41-101 respecting General Prospectus Requirements (chapter V-1.1, r. 14), or (b) a fund facts document under subsection 2.3(5.2) of Regulation 81-101 respecting Mutual Fund Prospectus Disclosure (chapter V-1.1, r. 38).”.
- This Regulation comes into force on (indicate here the date of coming into force of this Regulation).
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