On January 9, 2004, the Canadian securities administrators released for comment proposed National Instrument 81 - 107 Independent Review Committee for Mutual Funds. This long awaited mutual fund governance rule would require a manager of one or more publicly offered mutual funds to establish an independent review committee and refer to it, for its recommendations, any matter in which the fund manager has a conflict of interest.

type Investment Funds Advisory - February 2004 - Mutual Fund Governance: Moving Closer to Reality