On February 9, 2012, the Canadian Securities Administrators (the
"CSA"), announced that they are making
amendments (the "Amendments") to the
following rules and policy:
- National Instrument 81-102 Mutual Funds (NI 81-102)
and Companion Policy 81-102CP (81-102CP);
- National Instrument 81-106 Investment Fund Continuous
Disclosure (NI 81-106);
- National Instrument 81-101 Mutual Fund Prospectus
Disclosure (NI 81-101);
- National Instrument 41-101 General Prospectus
Requirements (NI 41-101).
The Amendments are scheduled to come into force on April 30,
2012.
These Amendments complete the first phase of the CSA's
modernization project, the stated goal of which is to review the
product regulation of publicly offered investment funds and to
consider whether the current approach adequately addresses product
and market developments in the Canadian investment fund industry.
See Notice of Amendments (PDF).
