National Instrument 81-107 Independent Review Committee for Investment Funds had its second anniversary on November 1, 2008 with all Canadian fund managers and IRCs operating under it since November 1, 2007. Much of the past two years has been taken up with implementing National Instrument 81-107, including identifying conflicts of interest, preparing written conflicts policies and procedures and carrying out the Rule’s mandatory reporting and assessments. Investment Management Advisory

type Investment Management Advisory - December 2008 - A Year Two Review for Independent Review Committees