The Ontario Securities Commission (“OSC”) announced the formation of a new OSC LaunchPad Long-Term Asset Fund Project (the “Project”) as part of an update on its proposed framework (the “Proposal”) to facilitate retail...more
The Canadian Securities Administrators (“CSA”) have published for comment amendments and changes to the principal distributor model in the distribution of mutual fund securities (collectively, the “Proposed Amendments”). The...more
The Ontario Securities Commission (“OSC”) recently released its annual Summary Report for Dealers, Advisers and Investment Fund Managers (the “Report”), prepared by the Compliance and Registrant Regulation Branch, for the...more
1 Regulatory Framework -
1.1 What legislation governs the establishment and operation of Alternative Investment Funds?
In Canada, the term “alternative investment fund” or AIF is not a term of art. Canadian...more
The Canadian Securities Administrators (“CSA”) and the Canadian Council of Insurance Regulators (“CCIR”) have published enhanced cost disclosure reporting requirements for investment funds, excluding private funds and...more