National Instruments Published for Comment 2016

National Instruments Published for Comment 2016


CSA Notice and Request for Comment - Modernization of Investment Fund Product Regulation - Alternative Funds

September 22, 2016 - The Proposed Amendments represent the final phase of the CSA’s ongoing policy work to modernize investment fund product regulation (the Modernization Project) and is primarily aimed at the development of a more comprehensive regulatory framework for publicly offered mutual funds that wish to invest in asset classes or use investment strategies not otherwise permitted under NI 81-102.

he Canadian Securities Administrators (the CSA or we) are publishing for a 90-day comment period: 

  • the proposed repeal of National Instrument 81-104 Commodity Pools (NI 81-104) 
  • proposed amendments to: 
    • National Instrument 81-102 Investment Funds (NI 81-102), 
    • National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101), including Form 81-101F3 Contents of Fund Facts Document (the Fund Facts), 
  • proposed consequential amendments to: 
    • Form 81-101F1 Contents of Simplified Prospectus and Form 81-101F2 Contents of Annual Information Form,
    • National Instrument 81-107 Independent Review Committee for Investment Funds (NI 81-107),
    • National Instrument 41-101 General Prospectus Requirements (NI 41-101), including Form 41-101F2 Information Required in an Investment Fund Prospectus (Form 41-101F2), and 
    • National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-106).

In addition, we are publishing proposed changes to Companion Policy 81-102CP Investment Funds and proposing to withdraw Companion Policy 81-104CP Commodity Pools.

The comment period ends December 22, 2016.

For more information please contact:

Heather Kuchuran, Senior Securities Analyst
Securities Division
Financial and Consumer Affairs Authority of Saskatchewan
Suite 601, 1919 Saskatchewan Drive
Regina, Saskatchewan  S4P 4H2
Phone:  (306) 787-1009  Fax:  (306) 787-5899


Securities Division

4th Floor, 2365 Albert Street

Regina, SK, S4P 4K1

Tel: (306)787-5645

Fax: (306)787-5899


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