The Canadian Securities Administrators (CSA) proposals on Modernisation of Investment Funds Regulation, includes proposals to enable hedge fund managers to offer retail investors access to “alternative funds” (commonly known as hedge funds) through a series of amendments to the Canadian National Instrument 81-102 Investment Funds (NI 81-102).
Funds-Axis offer fully automated investment compliance monitoring for National Instrument 81-102 Investment Funds limits, including the proposals in respect of “Alternative Funds.”
FULL COVERAGE OF PART 2 INVESTMENT RESTRICTIONS INCLUDING:
- Concentration restriction
- Control restriction
- Restrictions on types of investments
- Illiquid assets
- Fund-of-fund investments
- Borrowing
- Short-selling
- Cash cover required for short sales
- Total borrowing and short-selling
- Derivatives Counterparty exposure
- Cover required – Derivatives for non-hedging purposes
- Leverage
- Securities lending, repurchase and reverse repurchase arrangements
