ARTICLE · 12 APRIL 2014

March 2014 Investment Funds Practitioner: Issues And Tips

Norton Rose Fulbright Canada LLP

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The Ontario Securities Commission (OSC) recently released a new edition of the Investment Funds Practitioner, providing an overview of recent issues arising from applications for exemptive relief, prospectuses and continuous disclosure documents filed by investment funds.

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The Ontario Securities Commission (OSC) recently released a new edition of the Investment Funds Practitioner, providing an overview of recent issues arising from applications for exemptive relief, prospectuses and continuous disclosure documents filed by investment funds. This legal update summarizes certain key issues and provides tips for investment funds issuers.

Applications for exemptive relief

Issue: In deciding whether to approve a proposed merger of public investment funds, the OSC raised questions concerning changes in the way performance fees were calculated for certain of the merging funds and how those changes were made, including whether the necessary securityholder approval was obtained.

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