Regulatory Alerts2026-04-22
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Regulation 81-107 Respecting Independent Review Committee for Investment Funds
The Québec securities regulator issued Regulation 81-107 to mandate the establishment and operation of independent review committees for investment funds. The regulation defines key terms and imposes strict duties on managers to maintain written policies, provide full assistance, and report on related party transactions. It further governs the committee's composition, independence standards, decision-making authority, and requirements for regular assessments of manager compliance.
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