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ARTICLE · 23 DECEMBER 2024

CSA's Proposed Continuous Disclosure Amendments For Investment Funds: Call For Feedback

McMillan LLP
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On September 19, 2024, the Canadian Securities Administrators (the "CSA") published a series of proposed amendments aimed at modernizing the continuous disclosure regime for investment funds (the "Proposed Amendments").

CanadaFinance and Banking
Jennie Baek
Jennie Baek
Micah Zierer-Clyke
Micah Zierer-Clyke
Marie Liang (Summer Law Student)
Marie Liang (Summer Law Student)
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On September 19, 2024, the Canadian Securities Administrators (the "CSA") published a series of proposed amendments aimed at modernizing the continuous disclosure regime for investment funds (the "Proposed Amendments"). The key proposed change is to replace the existing form of Management Report of Fund Performance (the "MRFP"), which came into effect on June 1, 2005, with a new form of report – named the "Fund Report". The Fund Report contains significant differences from the existing form of MRFP. The comment period deadline was extended to January 31, 2025 from January 17, 2025, which was announced on December 17, 2024. This bulletin focuses on key aspects of the Fund Report and summarizes the questions raised by the CSA that may be of interest to investment funds, their investment fund managers ("IFMs") and other industry stakeholders.

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

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