Regulatory Alerts2019-01-03
Regulation 81-102 Respecting Investment Funds
The securities regulatory authorities issued Regulation 81-102 to establish comprehensive rules governing the operation, structure, and disclosure of investment funds in Canada. The regulation defines key terms such as mutual funds, alternative mutual funds, and derivatives, while setting specific requirements for asset allocation, borrowing, hedging, and the use of cash equivalents. It also outlines restrictions on dealer-managed funds, conflict of interest reporting, and the use of independent review committees to protect investors.
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