On September 19, 2024, the Canadian Securities Administrators
(“CSA”) released a Notice and Request
for Comment regarding proposed amendments to National Instrument
81-101 Mutual Fund Prospectus
Disclosure (“NI 81-101”),
National Instrument 81-102 Investment Funds
(“NI 81-102”), National Instrument
81-106 Investment Fund Continuous
Disclosure (“NI 81-106”) and
National Instrument 81-107 Independent Review Committee
for Investment Funds (“NI
81-107”), together with consequential amendments to
associated policies and applicable securities laws and regulations
(collectively, the “Proposed
Amendments”).
The CSA intend for the Proposed Amendments to modernize the
continuous disclosure regime for investment funds offered by
prospectus in Canada. The Proposed Amendments are informed by the
stakeholder feedback received by the CSA with respect to an earlier
Publication for Comment and general feedback received from other
sources, such as recommendations made by the
