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ARTICLE · 15 NOVEMBER 2023

OSC Issues New Summary Report With Guidance For Investment Fund And Structured Product Issuers

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The Ontario Securities Commission (OSC) Investment Funds and Structured Products branch (IFSP) recently released their Summary Report for Investment Fund and Structured Product Issuers...

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The Ontario Securities Commission (OSC) Investment Funds and Structured Products branch (IFSP) recently released their Summary Report for Investment Fund and Structured Product Issuers (The Report) for fiscal 2023.

This bulletin covers:

  • Findings from the IFSP's review of environmental, social and governance (ESG) related funds – including some learnings arising from these reviews.
  • Staff's view on the difference between mutual funds and non-redeemable investment funds (NRIFs).
  • Reminders on the compliant use of social media with respect to sales communications.
  • Caution that adding substantive disclosure to a preliminary prospectus after it has been filed or cleared for final (such as new ESG disclosure) will trigger a further review and may cause delays or additional filing obligations.

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