Securities Law & Instruments

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AMENDMENTS TO
NATIONAL INSTRUMENT 81-104 COMMODITY POOLS

1.             National Instrument 81-104 Commodity Pools is amended by this Instrument.

2.             The title is amended by replacing “NATIONAL INSTRUMENT 81-104 COMMODITY POOLS” with “NATIONAL INSTRUMENT 81-104 ALTERNATIVE MUTUAL FUNDS”.

3.             Subsection 1.1(1) is amended

(a)           by repealing the definitions of “commodity pool”, “independent review committee”, and “precious metals fund”,

(b)           by adding “and” at the end of the definition of “Derivatives Fundamentals Course”, 

(c)           by deleting “and” at the end of the definition of “mutual fund restricted individual”, and

(d)           by adding the following definition:

“alternative mutual fund” has the same meaning as in section 1.1 of NI 81-102;.

4.             Section 1.2 is amended

(a)           in paragraph (a) by replacing “a commodity pool” with “an alternative mutual fund”, and in subparagraph (i) by replacing “commodity pool” with “alternative mutual fund”, and

(b)           in paragraph (b) by replacing “a commodity pool” with “an alternative mutual fund”, and by deleting “or pertaining to the filing of a prospectus to which subsection 3.2(1) applies”.

5.             Section 1.3 is amended

(a)           in subsection (1) by replacing “a commodity pool” with “an alternative mutual fund”, and by replacing “commodity pool” with alternative mutual fund”, and

(b)           by repealing subsection (2).

6.             Part 2 is repealed.

7.             Part 3 is repealed.

8.             Section 4.1 is amended by replacing “a commodity pool” with “an alternative mutual fund” wherever it occurs, and by replacing “commodity pools” with “alternative mutual funds” wherever it occurs.

9.             Part 5 is repealed.

10.          Part 6 is repealed.

11.          Part 8 is repealed.

12.          Section 11.2 is repealed.

13.          This Instrument comes into force on January 3, 2019.