Canadian Securities Administrators - Industry Update
Oct 20, 2016
On September 22nd, 2016 the Canadian Security Administrators (CSA) had announced a proposed amendment and opened the comment period of the modernization project. The proposed amendments is in the final stage of the implementation of the project that is reviewing the parameters of both Mutual funds and Non-Redeemable funds, to remodel the infrastructure of the investment fund market in Canada. The vision of the CSA is to consider whether Canada's current regulatory approach ensures market developments in the Canadian Investment industry, and whether it properly remains to protect investors in both the alternative and retail market.
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About CommonWealth Fund Services Ltd.
Founded in 2007, CommonWealth Fund Services Ltd. is a Canadian fund administrator servicing 100 domestic and offshore investment funds totalling more than $7.5 billion in assets. CommonWealth calculates fund net asset values on a daily, weekly, monthly, or quarterly basis, acts as transfer agent, and supports its clients with financial statement and tax return preparation. The firm has its Section 3416 qualification. CommonWealth’s parent company, Caledon Trust Company, is federally chartered and regulated by the Office of the Superintendent of Financial Institutions. Caledon acts as trustee for many funds which CommonWealth administers. Further information on CommonWealth is available on the company’s web site at www.commonwealthfundservices.com.