CSA Non-Investment Fund Issuers


On Apr. 6, CSA proposed relief for issuers of non-investment funds.


  • Proposed reduction of regulatory burden for non-investment fund reporting issuers.
  • To ensure rules, costs are proportionate, without compromising investor protections.
  • Proposals
  • Proposed an expanded application of streamlined rules for smaller reporting issuers.
  • Reduce regulation covering prospectus rules and offering process, eliminate overlap.
  • Limit certain ongoing disclosure requirement, enhance electronic document delivery.
  • Effectiveness
  • Invited comments on proposals, or alternative options not identified, by Jul. 7, 2017.
  • Considered way to reduce burden in other areas, eg disclosure for investment funds.

Regulators CSA OSC; CSA BC
Entity Types B/D; Fiduciary; IA; Inv Co
Reference CP 51-404, PR, 4/6/2017
Functions Compliance; Legal; Operations; Reporting
Countries Canada
Products Fund Mgt; Securities
Regions Am
Rule Type Proposed
Rule Date 4/6/2017
Effective Date 7/7/2017
Rule Id 31801
Linked to N/A
Report Issue 4/15/2017
Report Section International

Last substantive update on 04/07/2017