Timely Disclosure

Timely Disclosure

Updates and Commentary on Current issues in M&A, Corporate Finance and Capital Markets

Tag Archives: Investment Fund Managers

OSC Staff Notice Comments on Fund Manager Oversight of Related Party Service Providers

Posted in Securities Registration & Registrants
The Ontario Securities Commission released OSC Staff Notice 33-749 – Annual Summary Report for Dealers, Advisers and Investment Fund Managers on August 23, 2018 (OSC Staff Notice). In the OSC Staff Notice, OSC staff identified that some investment fund managers (IFMs) have outsourced fund administration functions (including fund accounting and transfer agency) to related parties. … Continue Reading

OSC Publishes Annual Summary Report for Dealers, Advisers and Investment Fund Managers

Posted in Continuous & Timely Disclosure, Investment Funds, Securities Regulatory Authorities
On September 25, 2014, OSC Staff Notice 33-745 Annual Summary Report for Dealers, Advisers and Investment Fund Managers was published (Report).  The Report is an overview of the main initiatives undertaken by the OSC’s Compliance and Registrant Regulation Branch within the last year and those initiatives underway, with a focus on those registrants directly overseen by the… Continue Reading

OSC Staff Released Guidance for Investment Fund Managers on Sales Practices, Expense Allocation and Other Matters

Posted in Continuous & Timely Disclosure, Investment Funds, Securities Registration & Registrants, Securities Regulatory Authorities
On June 19, 2014, the Ontario Securities Commission (OSC) released Staff Notice 33-743 – Guidance on Sales Practices and Expense Allocation for Investment Fund Managers which resulted from the targeted review of large investment fund managers (IFMs) conducted by Staff of the Compliance and Registrant Regulation Branch of the OSC.  The Notice provides a summary… Continue Reading

OSC Notes Deficiencies of Investment Fund Managers in Annual Summary Report

Posted in Investment Funds, Securities Regulatory Authorities
On November 7, 2013, the Ontario Securities Commission (OSC) published its 2013 Annual Summary Report for Dealers, Advisers and Investment Fund Managers.  It contained, among other matters, information specific to investment fund managers (IFMs) including current trends in deficiencies and suggested practices to address them. The deficiencies noted by the OSC with respect to IFMs… Continue Reading