In late May, the Canadian securities regulators released proposed National Instrument 81 - 106 Continuous Disclosure for Investment Funds for a second comment period. NI 81 - 106 was first proposed in September 2002, and in addition to working through the feedback on that version, we expect that the regulators took into account the continuous disclosure changes for U.S. mutual funds made by the U.S. Securities and Exchange Commission during the intervening period. Once adopted, NI 81 - 106 will be the continuous disclosure rule for investment funds — a companion to National Instrument 51 - 102 Continuous Disclosure Obligations, the continuous disclosure rule for other reporting issuers finalized earlier this year.

type Investment Funds Advisory - July 2004 - Investment Fund Continuous Disclosure Proposals: Changes Effective December 31, 2004?