On April 9, the Canadian Securities Administrators (CSA) announced amendments to Form 81-101F2 Contents of Annual Information Form and Form 41-101F2 Information Required in an Investment Fund Prospectus. The amendments were originally published for comment on October 9, 2009 and are intended to ensure consistency between the disclosure requirements for advisers under National Instrument 23-102 Use of Client Brokerage Commissions relating to client brokerage commissions and similar disclosure prescribed for investment funds. This is proposed to be achieved by changing the existing disclosure required in Form 81-101F2 and by adding a new disclosure item to Form 41-101F2 relating to brokerage arrangements involving client brokerage commissions in order to provide investors with relevant qualitative information regarding goods and services other than order execution obtained in connection with client brokerage commissions. Pending approval in Ontario by the Minister of Finance, the amendments are expected to come into force on June 30, 2010.
Trackbacks (0) Links to blogs that reference this article Trackback URL