The Canadian securities regulators recently released National Instrument 81-106 Investment Fund Continuous Disclosure as a final instrument. NI 81-106, and its related companion policy and forms, are expected to come into force on June 1, 2005. Investment funds with financial years ending on June 30 will need to pay immediate attention to the new requirements, since they will be the first that must comply with the new requirements. In this Investment Management Advisory, we summarize practical issues and highlight the disclosure changes that investment funds will face when working with the new rules. We suggest procedures that investment funds and their managers can adopt to help them comply with the new continuous disclosure rules.

type Investment Management Advisory - April 2005 - Continuous Disclosure Rules