Securities Law & Instruments

 


NOTICE OF MINISTER OF FINANCE

APPROVAL OF

AMENDMENTS TO NATIONAL INSTRUMENT 81-102

AND COMPANION POLICY 81-102CP

MUTUAL FUNDS

AND TO

NATIONAL INSTRUMENT 81-101

AND COMPANION POLICY 81-101CP

MUTUAL FUND PROSPECTUS DISCLOSURE

AND TO

FORM 81-101F1

CONTENTS OF SIMPLIFIED PROSPECTUS

AND TO

FORM 81-101F2

CONTENTS OF ANNUAL INFORMATION FORM

On April 6, 2001, the Minister of Finance approved the rules (collectively, the "Rule Amendments") that amend the following instruments:

1. National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101),

2. Form 81-101F1 Contents of Simplified Prospectus (Form 81-101F1),

3. Form 81-101F2 Contents of Annual Information Form (Form 81-101F2), and

4. National Instrument 81-102 Mutual Funds (NI 81-102).

Previously, materials related to the Rule Amendments were published in the Bulletin on January 28, 2000 and June 16, 2000. The purpose and substance of the Rule Amendments is to permit mutual funds to enter into securities lending, repurchase and reverse repurchase transactions, and to permit index mutual funds to better meet their investment objectives by allowing them to track their target indices without concentration limits, subject to enhanced disclosure requirements. The Rule Amendments were adopted by the Commission on February 14, 2001 and were published in final form on February 16, 2001. The Rule Amendments will come into force on May 2, 2001 and will be published in the Ontario Gazette on April 28, 2001.


April 12, 2001.