CSA STAFF NOTICE 81-313 STATUS OF PROPOSED NATIONAL INSTRUMENT 81-106 INVESTMENT FUNDS CONTINUOUS DISCLOSURE Introduction On May 28, 2004, the CSA published for comment a revised version of National Instrument 81-106 Investment Fund Continuous Disclosure, which will replace existing continuous disclosure obligations of investment funds, as well as introduce new obligations. The CSA are currently considering the public comments on NI 81-106 and incorporating changes as appropriate. Expected application of NI 81-106 We are issuing this notice to assist investment funds in planning for the implementation of any necessary systems or changes in order to be able to comply with NI 81-106 when it comes into force. Subject to receiving all necessary commission and ministerial approvals, staff anticipate the NI 81-106 requirements for • annual financial statements and annual management reports of fund performance will apply for financial years ending on or after June 30, 2005; • interim financial statements and interim management reports of fund performance will apply for financial periods ending after the investment fund’s first year end following June 30, 2005; • quarterly portfolio disclosure will apply for periods that end on or after the date NI 81-106 comes into force; • annual information forms will apply for financial years ending on or after June 30, 2005; • proxy voting records will apply for the annual period beginning July 1, 2005; and • proxy solicitation and information circulars will apply as of July 1, 2005. All other requirements will apply as of the date NI 81-106 comes into force. Questions Please refer your questions to any of the following people: British Columbia Securities Commission Noreen Bent, Manager & Senior Legal Counsel (604) 899-6741 Christopher Birchall, Senior Securities Analyst (604) 899-6722
You may also call 1-800-373-6393 from B.C. and Alberta. Alberta Securities Commission Melinda Ando, Legal Counsel (403) 297-2079 Manitoba Securities Commission Wayne Bridgeman, Senior Analyst (204) 945-4905 Ontario Securities Commission Vera Nunes, Legal Counsel (416) 593-2311 Irene Tsatsos, Senior Accountant (416) 593-8223 Raymond Chan, Accountant, (416) 593-8128 Autorité des marchés financiers Sylvie Anctil-Bavas, Spécialiste de la doctrine comptable (514) 395-0558, poste 4373 December 17, 2004
You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.