The Canadian Securities Administrators announced on June 25, 2013 that they have extended the comment period regarding the proposals comprising Phase 2 of their Modernization of Investment Fund Product Regulation Project, originally published March 27, 2013. The comment period has been extended to August 23, 2013.

Please find details in our recent bulletin CSA Release Proposals under Phase 2 of Fund Modernization Project – Implications for Closed End Funds and Alternative Funds  and the Ontario Securities Commission document Phase 2 of their Modernization of Investment Fund Product Regulation Project