81-102CP - Mutual Funds [CP - Rescinded]

Concurrently Published:

• BCN 2009/15 - Adoption of National Instrument 31-103 Registration Requirements and Exemptions, Companion Policy 31-103CP Registration Requirements and Exemptions, BC Interpretation Note 33-706, BC Instrument 33-517 Registration and Prospectus exemption for persons registered under the Mortgage Brokers Act, and consequential amendments to national and local instruments [BCN - Lapsed]

   Table of Contents   

  PART          TITLE  

  PART 1      PURPOSE  

  1.1              Purpose  

  PART 2      COMMENTS ON DEFINITIONS CONTAINED IN THE INSTRUMENT  

  2.1              “asset allocation service”  

  2.2              “cash equivalent”  

  2.3              “clearing corporation”  

  2.4              “debt-like security”  

  2.5              “fundamental investment objectives”  

  2.6              “guaranteed mortgage”  

  2.7              “hedging”  

  2.8              “illiquid asset”  

  2.9              “manager”  

  2.10            “option”  

  2.11            “performance data”  

  2.12            “public medium”  

  2.13            “purchase”  

  2.14            “restricted security”  

  2.15            “sales communication”  

  2.16            “specified derivative”  

  2.17            “standardized future”  

  2.18            “swap”  

  PART 3      INVESTMENTS  

  3.1              Evidences of Indebtedness of Foreign Governments and Supranational Agencies  

  3.2              Index Mutual Funds  

  3.3              Special Warrants  

  3.4              Investment in Other Mutual Funds  

  3.5              Instalments of Purchase Price  

  3.6              Purchase of Evidences of Indebtedness  

  3.7              Securities Lending, Repurchase and Reverse Repurchase Transactions  

  3.8              Prohibited Investments  

  PART 4      USE OF SPECIFIED DERIVATIVES  

  4.1              Exercising Options on Futures  

  4.2              Registration Matters  

  4.3              Leveraging  

  4.4              Cash Cover  

  PART 5      LIABILITY AND INDEMNIFICATION  

  5.1              Liability and Indemnification  

  5.2              Securities Lending, Repurchase and Reverse Repurchase Transactions  

  PART 6      SECURITYHOLDER MATTERS  

  6.1              Meetings of Securityholders  

  6.2              Limited Liability  

  6.3              Calculation of Fees  

  PART 7      CHANGES  

  7.1              Integrity and Competence of Mutual Fund Management Groups  

  7.2              Mergers and Conversions of Mutual Funds  

  7.3              Regulatory Approval for Reorganizations  

  7.4              [Deleted]  

  7.5              Circumstances in Which Approval of Securityholders Not Required  

  7.6              Change of Auditor  

  7.7              Connection to NI 81-107  

  PART 8      CUSTODIANSHIP OF PORTFOLIO ASSETS  

  8.1              Standard of Care  

  8.2              Book-Based System  

  8.3              Compliance  

  PART 9      CONTRACTUAL PLANS  

  9.1              Contractual Plans  

  PART 10    SALES AND REDEMPTIONS OF SECURITIES  

  10.1            General  

  10.2            Interpretation  

  10.3            Receipt of Orders  

  10.4            Backward Pricing  

  10.5            Coverage of Losses  

  PART 11    COMMINGLING OF CASH  

  11.1            Commingling of Cash  

  PART 12    [Deleted]  

  PART 13    PROHIBITED REPRESENTATIONS AND SALES COMMUNICATIONS  

  13.1            Misleading Sales Communications  

  13.2            Other Provisions  

  PART 14    [Deleted]  

  PART 15    SECURITYHOLDER RECORDS  

  15.1            Securityholder Records  

  PART 16    EXEMPTIONS AND APPROVALS  

  16.1            Need for Multiple or Separate Applications  

  16.2            Exemptions under Prior Policies  

  16.3            Waivers and Orders concerning “Fund of Funds”