The Canadian Securities Administrators proposed amendments to existing rules that would move most of the existing Canadian regulatory framework related to commodity pools from a distinct regulation for CPOs to one applicable to all investment funds. At the same time it would replace the term “commodity pool” with the designation “alternative fund” and expand concentration restrictions related to securities of any one issuer within alternative funds from 10 percent of net asset value to 20 percent. In addition, CSA proposed that alternative funds be permitted to invest up to 100 percent of their NAV in any other mutual fund (including other alternative funds) or in nonredeemable investment funds provided the other funds are subject to the same regulation as the investing alternative fund. Currently, in Canada, commodity pools are subject to the same fund of fund investment restrictions as conventional mutual funds. Comments will be accepted by all of the CSAs through December 22.