81-510 Exemption from Periodic Disclosure Requirements for Non-Redeemable Investment Funds [Proposed BCI - Lapsed]
June 21, 2004
May 31, 2006Definition
1 In this instrument,
“non-redeemable investment fund” means any issuer if(a) the contributions of securityholders are pooled for investment,
(b) securityholders do not have day to day control over the management and investment decisions of the issuer, whether or not they have the right to be consulted or give directions, and
(c) it is not a mutual fund;
“rules” means the Securities Rules.Exemption from AIF, MD&A, other financial statements and change of status requirements
2 Sections 121 to 123, 129 and 133 of the rules do not apply to a public issuer that is a non-redeemable investment fund.
Exemption from filing deadline for annual financial statements
3 Section 125 of the rules does not apply to a public issuer that is a non-redeemable investment fund if the annual financial statements are filed by the 140th day after the end of its most recent financial year.
Exemption from filing deadline for interim financial statements
4 Section 127 of the rules does not apply to a public issuer that is a non-redeemable investment fund if the interim financial statements are filed by the 60th day after the end of the interim period.