Regulation to amend Regulation 81-101 respecting Mutual Fund Prospectus Disclosure

REGULATION TO AMEND REGULATION 81-101 RESPECTING MUTUAL FUND PROSPECTUS DISCLOSURE Securities Act (chapter V-1.1, s. 331.1, par. (2), (4.1), (8), (19.5), (20) and (34))

1. Section 1.1 of Regulation 81-101 respecting Mutual Fund Prospectus Disclosure (chapter V-1.1, r. 38) is amended by inserting, after the definition of the expression “business day”, the following: ““designated website” has the meaning ascribed to that term in Regulation 81-106 respecting Investment Fund Continuous Disclosure (chapter V-1.1, r. 42);”.
2. Section 2.3.1 of the Regulation is amended: (1) by replacing, in paragraph (1), the words “If a mutual fund or the mutual fund’s family has a website, the mutual fund must post to at least one of those websites” with the words “A mutual fund must post on its designated website”; (2) by replacing, in paragraph (2), the words “posted to the website” with the words “posted on the designated website”; (3) by repealing paragraph (3).
3. Form 81-101F2 of the Regulation is amended by adding, after Item 10.10, the following: “10.11. Designated Website State, in substantially the following words: “A mutual fund is required to post certain regulatory disclosure documents on a designated website. The designated website(s) of the mutual fund(s) this document pertains to, can be found at the following location(s): [insert the mutual fund’s designated website address or addresses as applicable].”.
4. Form 81-101F3 of the Regulation is amended by replacing, in the statement under paragraph (e) of item 1 of Part I, the words “[insert the website of the mutual fund, the mutual fund’s family or the manager of the mutual fund] [as applicable]” with the words “[insert the mutual fund’s designated website]”.
5. Transition Before 6 September 2022, a mutual fund is not required to comply with the Regulation, as amended by this Regulation, if the mutual fund complies with the Regulation as it was in force on 5 January 2022.
6. Effective Date (1) This Regulation comes into force on 6 January 2022. (2) In Saskatchewan, despite paragraph (1), if this Regulation is filed with the Registrar of Regulations after 6 January 2022, this Regulation comes into force on the day on which it is filed with the Registrar of Regulations.