As per our November bulletin, please keep in mind that investment funds with a financial year-end of December 31, must file Form 45-106F1 – Report of Exempt Distribution (45-106F1) by January 30, 2016, with each applicable provincial securities regulator for distributions under certain exemptions, including:
- Accredited investor exemption
- Minimum amount exemption of $150,000
- Additional investment in investment fund units
Any distributions made by an investment fund that relies on other prospectus exemptions, such as the offering memorandum exemption currently in effect outside of Ontario, may need to be reported to the relevant securities authorities within 10 days of the distribution.