Regulatory Alerts2024-09-19
Regulation to amend Regulation 44-101 respecting Short Form Prospectus Distributions
The regulator amends Regulation 44-101 respecting Short Form Prospectus Distributions to replace the term "management report of fund performance" with "fund report" in the definition of MD&A. A transition provision applies for one year and nine months, requiring investment funds that have not yet filed annual or interim fund reports to treat the new definition as encompassing those specific reports. The regulation establishes a general effective date, with a specific provision for Saskatchewan where the regulation comes into force upon filing with the Registrar of Regulations if filed after the general date.
REGULATION TO AMEND REGULATION 44-101 RESPECTING SHORT FORM PROSPECTUS DISTRIBUTIONS Securities Act (chapter V-1.1, s. 331.1, par. (34))
- Section 1.1 of Regulation 44-101 respecting Short Form Prospectus Distributions (chapter V-1.1, r. 16) is amended by replacing “management report of fund performance” in the definition of “MD&A” by “fund report”. Transition
- Before (indicate here the date of coming into force of this Regulation + 1 year and 9 months), if an investment fund has not filed an annual fund report and an interim fund report, the reference to “fund report” in the definition of “MD&A” in section 1.1 of the Regulation must be read as “management report of fund performance or annual or interim fund report”. Effective Date
- (1) This Regulation comes into force on (indicate here the date of coming into force of this Regulation). (2) In Saskatchewan, despite paragraph (1), if this Regulation is filed with the Registrar of Regulations after (indicate here the date of coming into force of this Regulation), this Regulation comes into force on the day on which it is filed with the Registrar of Regulations.