Publicly offered mutual funds are a vital component of the financial services industry in Canada. Whether your business is managing and administering mutual funds, selling mutual funds, acting as a portfolio manager of mutual funds or providing services to the mutual fund industry, it is critical that you have legal assistance and advice from lawyers who not only understand the laws that affect your business, but who focus exclusively on your industry and have the depth of knowledge and experience to allow you to navigate the legal and regulatory issues associated with this industry.

BLG’s Investment Management Group has worked for over 50 years with the Canadian mutual funds industry and has been an integral part of its growth. Our lawyers can provide you with the information and advice you need to fully understand the legal and regulatory aspects of your business. The breadth and depth of BLG’s Investment Management Group ensures that our mutual fund industry clients get multi-dimensional legal services provided in a disciplined cost-effective manner.

We are privileged to have been the trusted adviser to many mutual fund complexes operating in the Canadian marketplace since their inception and to have been part of their on-going growth and success.

Our Investment Management Group has proven expertise in mutual funds and their regulatory and legal environment and can provide you with a full range of legal services, including:

  • Structuring mutual funds and their offerings
  • Structuring specialized varieties of mutual funds, such as commodity pools, capital yield funds, alternative investment funds and scholarship plans
  • Structuring specialized investments for mutual funds, such as investments in UCITs and SICAVs and other off-shore collective investment vehicles
  • Drafting and reviewing offering — both initial and renewal - and continuous disclosure documents, such as prospectuses, fund facts and MRFPs
  • Obtaining necessary relief from regulatory restrictions where required to allow you to operate your mutual funds and your business as desired
  • Negotiating and drafting trust agreements, incorporation documents, investment management and sub-advisory agreements, custodial agreements and other material contracts
  • Negotiating and drafting ISDA and cleared derivative documentation
  • Advising on diverse legal, regulatory and compliance matters relating to mutual fund operations, administration, management as well as sales practices and sales communications, marketing, fund valuation and proxy voting
  • Advising on mutual fund governance, including structuring and providing on-going advice to independent review committees and boards of directors

We assist our mutual fund industry clients — both Canadian and international - with initial structuring of funds, offerings of funds, establishment of compliance and operational systems through to ongoing operations and continued product offerings. We also provide advice on structuring investment funds and offerings of investment funds pursuant to private placements.

In providing our services to our mutual fund clients, we work closely with our lawyers in other specialized areas, including tax, derivatives, securities litigation, pensions, insurance, and securities registrant regulation and compliance to provide full service.

We have excellent working relationships with the Canadian securities regulators and other government officials. We regularly and proactively provide regulatory updates and thought leadership to our clients and continuing legal education to the investment management and registrant community.

Members of our Investment Management Group are directors of industry associations including the National Society of Compliance Professionals and the Exempt Market Dealers Association of Canada. We also participate in industry committees, including those organized by The Investment Funds Institute of Canada (IFIC), the Portfolio Management Association of Canada (PMAC) and the Investment Industry Association of Canada (IIAC).

BLG is pleased to be an affiliate member of IFIC, PMAC, the Canadian ETF Association (CETFA), the Alternative Investment Management Association of Canada (AIMA Canada) and IIAC.


    Rankings & Recognitions

    The Investment Management Group or its members are recognized in:

    • The 2019 edition of Chambers Canada – Canada's Leading Lawyers for Business, Ranked in Band 1 for Investment Funds in every year since 2016.
    • The 2019 edition of the Canadian Legal Lexpert® Directory.
    • The 2019 edition of the Best Lawyers in Canada®.
    • The 2019 edition of the Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada.