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ARTICLE · 21 FEBRUARY 2012

Canadian Securities Regulators Propose Registration Rules For Non-Resident Investment Fund Managers

On February 10, 2012, the Ontario Securities Commission, together with securities regulators in New Brunswick, Québec and Newfoundland (the Exemption-Based Jurisdictions) published for comment proposed Multilateral Instrument 32-102 "Registration Exemptions for Non-Resident Investment Fund Managers" (Proposed MI 32-102) relating to proposed registration exemptions for non-resident investment fund managers.

CanadaFinance and Banking

On February 10, 2012, the Ontario Securities Commission, together with securities regulators in New Brunswick, Québec and Newfoundland (the Exemption-Based Jurisdictions) published for comment proposed Multilateral Instrument 32-102 Registration Exemptions for Non-Resident Investment Fund Managers (Proposed MI 32-102) relating to proposed registration exemptions for non-resident investment fund managers. 

Concurrently, securities regulators in British Columbia, Alberta, Saskatchewan, Manitoba, Prince Edward Island, Nova Scotia, Northwest Territories, Yukon and Nunavut (the Policy-Based Jurisdictions) published a separate proposed instrument, Multilateral Policy 31-202 Registration Requirements for Investment Fund Managers (Proposed MP 31-202).

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