81-511 - Exemption from Independent Review Committee Requirement for British Columbia Only Reporting Investment Funds [BCI]
| Published Date: | 2006-10-20 |
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| Effective Date: | 2006-11-01 |
| Document(s): |
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Concurrently Published:
British Columbia Securities Commission
BC Instrument 81-511
The British Columbia Securities Commission, having considered that it would not be prejudicial to the public interest, orders that the attached BC Instrument 81-511 entitled "Exemption from Independent Review Committee Requirement for British Columbia Only Reporting Investment Funds" is made effective November 1, 2006.
October 16, 2006
Douglas M. Hyndman
Chair
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(This part is for administrative purposes only and is not part of the Order)
Authority under which Order is made:
Act and sections: s. 187
Other (specify):-
BC Instrument 81-511
Exemption from Independent Review Committee Requirement for British Columbia Only Reporting Investment Funds
Order Under Section 187 of the Securities Act
Defined terms
1. In this instrument:
"NI 81-107" means National Instrument 81-107 Independent Review Committee for Investment Funds
Interpretation
2. Terms defined in the Securities Act, the Securities Rules, or NI 14-101 Definitions have the same meaning in this instrument.
Exemptions
3. Exemption from NI 81-107 - NI 81-107 does not apply to an investment fund that is a reporting issuer in British Columbia if it is not a reporting issuer in any other jurisdiction of Canada.
4. Exemption from certain prospectus disclosure requirements - The requirements in Form 81-101F1 Contents of Simplified Prospectus and Form 81-101F2 Contents of Annual Information Form to disclose information about an investment fund's independent review committee and its members do not apply to an investment fund that is a reporting issuer in British Columbia if it is not a reporting issuer in any other jurisdiction of Canada.
5. Exemption from certain continuous disclosure requirements - The requirements in Form 81-106F1 Contents of Annual and Interim Management Report of Fund Performance to disclose information about an investment fund's independent review committee and its members do not apply to an investment fund that is a reporting issuer in British Columbia if it is not a reporting issuer in any other jurisdiction of Canada.
Effective date
6. This instrument is effective November 1, 2006.