TORONTO, October 19, 2022 /CNW/ – The Ontario Securities Commission (OSC) today released its Summary Report for Issuers of Investment Funds and Structured Products for Fiscal Year 2021-2022. The report is an important resource for providing investment funds and their managers with information on prospectus filings and waiver applications, issues identified in continuous disclosure reviews, and critical policy initiatives that impact on investment funds.

“The investment fund industry has continued to show resilience and innovation,” said Raymond Chan, Director, Investment Funds and Structured Products Branch at the OSC. “Despite significant market volatility at the start of the pandemic, no public funds suspended redemptions and assets under management rebounded in several months.”

Assets under management and the number of active investment funds in Ontario increased steadily in fiscal year 2021-22, with ESG funds accounting for 23% of new funds.

“OSC staff issued final prospectus receipts for several new investment funds, including those with exposure to crypto assets – a world first,” added Raymond Chan. The creation of new crypto However, asset funds slowed down and accounted for less than 5% of new funds for the year.

Over the past year, OSC staff have also been extensively involved in national and international initiatives on disclosure practices related to ESG products and investor protection concerns. A key step was taken when the Canadian Securities Administrators (CSA) issued CSA Staff Notice 81-334 Disclosure of ESG-related investment funds. The OSC also continues to work on proposed rules and amendments that align with our commitment to reduce burden while maintaining investor protection.

Additionally, the OSC is improving the use of data to operationalize the oversight of larger market risks. Data obtained from the annual survey of investment funds will allow the OSC to build a more robust risk framework by leveraging key performance indicators, thereby strengthening our oversight. Summary data has been shared on our website to promote transparency in a manner that protects the privacy of investment fund managers.

OSC Staff Notice 81-733 Summary report for issuers of investment funds and structured products can be viewed on the OSC website

To stay informed of the latest news and regulatory issues regarding investment funds and structured product issuers, visit the OSC website IFSP Electronic News portal for timely articles published as needed.

The OSC’s mandate is to protect investors against unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in capital markets, to promote capital formation and to contribute to the stability of the financial system. and reducing systemic risk. Investors are urged to verify the registration of any person or company offering an investment opportunity and to consult the OSC Investor Materials available at

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