OSC announces new investment funds advisory panel. The Ontario Securities Commission (OSC) announced the members of the Investment Funds Product Advisory Committee (IFPAC) for the 2015-2017 term. (8/17/2015) Advisory panel.
CSA proposes harmonized reporting for the exempt market. The Canadian Securities Administrators (CSA) published for comment proposed amendments to National Instrument 45-106 Prospectus Exemptions that would introduce a new harmonized report of exempt distribution. This single report would apply across Canada for reporting distributions of securities by both investment fund and non-investment fund issuers, as required when relying on certain prospectus exemptions. There are currently two different reports that apply across CSA jurisdictions. The proposed report would also provide securities regulators with additional information to facilitate regulatory oversight and policy development for the exempt market, and modernize the CSA’s information collection efforts. (8/13/2015) Proposed amendments. CSA press release.