81-107, Independent Review Committee for Investment Funds
Effective date: |
November 1, 2006, except for subsequent amendments |
Published by CSA: |
November 10, 2006 |
Overview
This instrument requires every public investment fund to have a fully independent body, called an Independent Review Committee, whose role is to oversee all decisions involving an actual or perceived conflict of interest faced by the fund manager in the operation of the fund. The instrument sets out an independent oversight regime for all publicly offered investment funds that is intended to improve investment fund governance in Canada.
Recent developments
Date |
Development |
Comments |
November 10, 2006 |
NI 81-107, Independent Investment Review Committee for Investment Funds, issued. The instrument is effective November 10, 2006. |
|
January 6, 2022 |
Amendments to Reduce Regulatory Burden. See Completed Project. |
Subject to Ministerial Approval where required, most of these amendments will come into force on January 5, 2022, and the remainder on January 6, 2022. There are exemptions available from some of the requirements to give issuers more time to comply. |
Note: The above summary of Recent Developments does not include consequential amendments made as the result of other projects. For further details on the history of this Instrument, please refer to the OSC’s Web site. |
Amendments under consideration
- None