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ARTICLE · 30 SEPTEMBER 2024

Getting To The Root Of Continuous Disclosure For Investment Funds: Proposed Modernization

Borden Ladner Gervais LLP
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The Canadian Securities Administrators (CSA) recently released proposals to modernize the continuous disclosure regime for investment funds...

CanadaFinance and Banking
AUM Law
AUM Law
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The Canadian Securities Administrators (CSA) recently released proposals to modernize the continuous disclosure regime for investment funds, which is intended to improve the quality of disclosure provided to investors as well as reduce unnecessary regulatory burden of certain requirements. The proposals impact all the key rules governing investment funds, including 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) (collectively, the Proposed Amendments). The British Columbia Securities Commission has not published the proposals at this time given the upcoming provincial election but is anticipated to do so shortly thereafter.

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