October 29, 2018
On October 4, 2018, the Canadian Securities Administrators (the “CSA”) adopted amendments (collectively, the “Amendments”) to a number of national instruments governing the operation and offering of retail investment funds in Canada. Subject to ministerial approval requirements (which are not a guaranteed certainty these days), the Amendments will come into force on January 3, 2019.
The Amendments represent an important development for the investment fund industry, both for fund sponsors seeking new avenues to grow assets under management and for investment advisors struggling to provide investment options to their clients that are uncorrelated with traditional fixed income and equity markets.
The Amendments follow over five years of consultations by the CSA with investment fund industry stakeholders seeking to assess whether the existing regulatory framework sufficiently addressed product and market developments...
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