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The CSA want to simplify the rules for investment funds

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May 28, 2018 09:45

Louis Morisset, president and CEO of the Autorité des marchés financiers.

The canadian securities administrators (“CSA”) published the notice 81-329, which aims to simplify the information requirements and to eliminate redundancy of issuers of investment funds. It is a revision that is listed in the business plan of the CSA, says their president, Louis Morisset.

“We have circumscribed the areas that would benefit from a reduction in the regulatory burden for these issuers, while maintaining investor protection and the efficiency of capital markets “, he adds.

Allow the technology

The measures will be part of the regulations the discretionary exemptions routinely granted and will enable the use of technology to provide you with some information on the investment fund. In addition, they eliminate the redundant information and reduce the filing of documents that may contain repetitive information.

Draft regulatory amendment will be published for consultation by march 2019.

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