81-313 - Status of Proposed National Instrument 81-106 Investment Fund Continuous Disclosure [CSA - Rescinded]
| Published Date: | 2004-12-17 |
|---|---|
| Effective Date: | 2004-12-17 |
On May 28, 2004, the CSA published for comment a revised version of National Instrument 81-106 Investment Fund Continuous Disclosure, which will replace existing continuous disclosure obligations of investment funds, as well as introduce new obligations. The CSA are currently considering the public comments on NI 81-106 and incorporating changes as appropriate.
Expected application of NI 81-106
We are issuing this notice to assist investment funds in planning for the implementation of any necessary systems or changes in order to be able to comply with NI 81-106 when it comes into force. Subject to receiving all necessary commission and ministerial approvals, staff anticipate the NI 81-106 requirements for
- annual financial statements and annual management reports of fund performance will apply for financial years ending on or after June 30, 2005;
- interim financial statements and interim management reports of fund performance will apply for financial periods ending after the investment fund’s first year end following June 30, 2005;
- quarterly portfolio disclosure will apply for periods that end on or after the date NI 81-106 comes into force;
- annual information forms will apply for financial years ending on or after June 30, 2005;
- proxy voting records will apply for the annual period beginning July 1, 2005; and
- proxy solicitation and information circulars will apply as of July 1, 2005.
All other requirements will apply as of the date NI 81-106 comes into force.
Questions
Please refer your questions to any of the following people:
British Columbia Securities Commission
Noreen Bent, Manager & Senior Legal Counsel (604) 899-6741
Christopher Birchall, Senior Securities Analyst (604) 899-6722
You may also call 1-800-373-6393 from B.C. and Alberta.
Alberta Securities Commission
Melinda Ando, Legal Counsel (403) 297-2079
Manitoba Securities Commission
Wayne Bridgeman, Senior Analyst (204) 945-4905
Ontario Securities Commission
Vera Nunes, Legal Counsel (416) 593-2311
Irene Tsatsos, Senior Accountant (416) 593-8223
Raymond Chan, Accountant, (416) 593-8128
Autorité des marchés financiers
Sylvie Anctil-Bavas, Spécialiste de la doctrine comptable (514) 395-0558, poste 4373
December 17, 2004