NOTICE OF MINISTERIAL APPROVAL OF AMENDMENTS TO
NATIONAL INSTRUMENT 41-101 GENERAL PROSPECTUS REQUIREMENTS
NATIONAL INSTRUMENT 81-106 INVESTMENT FUND CONTINUOUS DISCLOSURE
On October 18, 2016 the Ontario Securities Commission (the Commission) made amendments to National Instrument 41-101 General Prospectus Requirements and related consequential amendments to National Instrument 81-106 Investment Fund Continuous Disclosure (the Rule Amendments). On the same date, the Commission also adopted changes to Companion Policy 41-101CP to National Instrument 41-101 General Prospectus Requirements and Companion Policy 81-106CP to National Instrument 81-106 Investment Fund Continuous Disclosure (the Policy Changes).
The above material was published on December 8, 2016 in the Bulletin.
On December 20, 2016, the Commission by way of quorum made a correction to the coming into effect date noted below by referencing "Schedule 28" (as shown below in bold) rather than "Schedule 26".
As corrected, the Rule Amendments and the Policy Changes have an effective date of March 8, 2017, except for:
(i) the filing requirement for ETF facts documents, which has an effective date of September 1, 2017, and
(ii) the delivery requirement for ETF facts documents, which has an effective date of the later of:
(a) December 10, 2018, and
(b) the day on which sections 4, 14 and 17 of Schedule 28 to the Building Opportunity and Securing Our Future Act (Budget Measures), 2014 (Ontario) are proclaimed into force.
On February 2, 2017, a corrected sample ETF facts document (part of Companion Policy 41-101CP) was published in the Bulletin.
On February 6, 2017, the Minister of Finance approved the Rule Amendments, as corrected to reflect the change noted above.
The text of the corrected Rule Amendments is published in Chapter 5 of this Bulletin.