Proposed National Instrument 31-103 Registration Requirements introduces a new category of registration in each Canadian province and territory: investment fund manager. This registration category will apply to managers of all types of investment funds distributed in Canada, whether reporting issuers or not, including mutual funds, pooled funds, closed-end funds, exchange-traded funds and hedge funds. Securities legislative amendments to implement this requirement to register must still be passed by most provincial and territorial governments.

type Investment Management Advisory - April 2008 - Proposed National Instrument 31-103 - Registration Of Investment Fund Managers