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ARTICLE · 23 OCTOBER 2019

Securities Regulators Propose To Reduce Regulatory Burden For Investment Fund Issuers

On September 12, 2019, the Canadian Securities Administrators (CSA) published for comment CSA Notice and Request for Comment – Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, Stage 1

CanadaFinance and Banking

On September 12, 2019, the Canadian Securities Administrators (CSA) published for comment CSA Notice and Request for Comment – Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, Stage 1 (Proposed Amendments), a sweeping set of reform proposals aimed at reducing the regulatory burden for investment fund issuers.

The Proposed Amendments come as part of a broader undertaking by the CSA to reduce regulatory red tape for both investment fund and non-investment fund reporting issuers. The Proposed Amendments follow from Phase 1 of the project, where the CSA undertook a comprehensive review of the existing investment fund disclosure regime, as well as consultation with industry stakeholders, which resulted in several areas of focus for the development of these proposals. The Proposed Amendments are the first stage of Phase 2 of the project, and the CSA has indicated that in subsequent stages of Phase 2, it will consider additional amendments in the areas

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