Regulatory Alerts2019-09-12
Draft Amendment to Policy Statement to Regulation 81-106 respecting Investment Fund Continuous Disclosure
The Canadian Securities Administrators issued this draft amendment to repeal existing guidance and establish Part 11 of the Policy Statement to Regulation 81-106, creating a new framework for investment fund websites. The new rules require funds to designate a free, open-access website for regulatory disclosure, allowing flexibility to use shared family or manager sites rather than mandating standalone platforms. The amendment further specifies that designated websites must be user-friendly, maintained through robust compliance systems, and kept accurate with timely updates to ensure investor access to current information.
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