Securities Law

BCN 2010/21 - Notice and Request for Comment - Proposed Amendments to National Instrument 81-102 Mutual Funds, National Instrument 81-106 Investment Fund Continuous Disclosure and related Consequential Amendments

Published Date: 2010-06-25
Rescinded Date: 2012-04-30
Related Document(s):

Concurrently Published:

Substance and purpose of the proposed amendments
The Canadian Securities Administrators (CSA) are publishing for comment proposed amendments to National Instrument 81-102 Mutual Funds and National Instrument 81-106 Investment Fund Continuous Disclosure.

The attached CSA notice describes what we and other members of the CSA are proposing. The proposed amendments would:

  • codify certain exemptions that we frequently grant to mutual funds
  • create new operational requirements for money market funds
  • improve transparency by providing more information about the underlying securities in which a fund invests
  • update some requirements and remove unnecessary provisions

Other Amendments
We are also publishing for comment proposed consequential amendments to the following:

  • Companion Policy 81-102CP Mutual Funds
  • National Instrument 41-101 General Prospectus Requirements
  • Form 41-101F2 Information Required in an Investment Fund Prospectus
  • Form 81-101F1 Contents of Simplified Prospectus
  • Form 81-101F2 Contents of Annual Information Form

The CSA notice describes where you can direct your comments relating to the proposed amendments. We will consider all comments received by September 24, 2010.

Questions
You may refer questions to:

Noreen Bent
Manager and Senior Legal Counsel
Legal Services, Corporate Finance
British Columbia Securities Commission
604-899-6741 or (800) 373-6393 (toll free in Canada)
nbent@bcsc.bc.ca

Christopher Birchall
Senior Securities Analyst
British Columbia Securities Commission
(604) 899-6722 or (800) 373-6393 (toll free in Canada)
cbirchall@bcsc.bc.ca

George Hungerford
Senior Legal Counsel, Corporate Finance
British Columbia Securities Commission
604-899-6690 or (800) 373-6393 (toll free in Canada)
ghungerford@bcsc.bc.ca


June 25, 2010


Brenda M. Leong
Chair


This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the Policies & Instruments or Historical Policies & Instruments sections of the website.