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Blog Post | Timely Disclosure

CSA Release Proposals under Phase 2 of Fund Modernization Project – Implications for Closed End Funds and Alternative Funds

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The Canadian Securities Administrators (CSA) published on March 27, 2013 a Notice and Request for Comments on amendments to National Instrument 81-102 Mutual Funds (NI 81-102) and consequential amendments to National Instrument 41-101 General Prospectus Requirements (NI 41-101) and its Form 41 102F2 (the 81-102 Proposals).  These amendments introduce core operational requirements for publicly offered non-redeemable “closed-end” investment funds (CEFs)... Continue Reading