Mutual Fund families that offer fund of funds products in Québec (the "Québec Top Funds") may now be in a position to choose underlying investments in a broader pool of funds. The AMF recently issued a discretionary decision order allowing a number of mutual funds to become reporting issuers in Québec by filing an application to be qualified as reporting issuers without having to prepare and file a non-offering prospectus with the AMF. As a result, Québec Top Funds can now invest in those underlying funds in compliance with section 2.5 of NI 81-102. [...]

type Funds of Funds: No French Translation of Underlying Mutual Fund Documents in Québec