The Investment Funds Branch of the Ontario Securities
Commission recently released the March 2014 issue of the
Investments Fund Practitioner, which provides an overview of
recent issues arising from prospectuses, continuous disclosure
documents and applications for discretionary relief filed by
investment funds. A few highlights are discussed below.
Continuous Disclosure
According to the Practitioner, the Branch recently received an
inquiry in regards to the disclosure of cash and money market funds
in the management report of fund performance (MRFP), Fund Facts and
quarterly portfolio disclosure. On this point, the Practitioner
states that Branch staff expect cash and cash equivalents to be
disclosed on a line separate from an investment in a money market
fund in the summary of investment portfolio (the list of top 25
positions) in the MRFP. In the portfolio breakdown, however,
money market funds holdings may be grouped with cash and cash
equivalents as the
