Canada: Canadian Securities Regulators Publish Blanket Orders For Market Participants Due To COVID-19
Investment Management Bulletin

Québec, Ontario, British-Columbia and Alberta (the "4 jurisdictions")

Dealer

• annual financial statements
• interim financial information
• completed Forms 31-103F1 Calculation of Excess Working Capital ("Form 31-103F1")

s. 12.12(1)&(2) NI 31-103

When investment dealer is a member of IIROC and is registered as an investment fund manager

• completed IIROC Forms 1 Joint Regulatory Financial Questionnaire and Report

s. 12.14(4)(b)&(c) NI 31-103

Adviser

• annual financial statements
• completed Form 31-103F1

s. 12.13 NI 31-103

IFM

• annual financial statements
• interim financial information
• completed Forms 31-103F1
• completed Forms 31-103F4 Net Asset Value Adjustments

s. 12.14(1)&(2) NI 31-103

MFD

When MFD is a member of MFDA and is registered as an exempt market dealer or scholarship plan dealer

• completed MFDA Forms 1 MFDA Financial Questionnaire and Report ("MFDA Form 1")

s. 12.12(2.1)(b)&(c) NI 31-103

When MFD is a member of MFDA and is registered as an investment fund manager

• completed MFDA Forms 1

s. 12.14(5)(b)&(c)

Québec only

MFD

When MFD is only registered in Québec and is only registered as MFD

• Monthly Report on Net Free Capital provided in Appendix I of the Regulation respecting the trust accounts and financial resources of securities firms approved under Order-in-Council no. 1123-99 dated September 29, 1999, as that Appendix read on September 27, 2009

s. 12.12(4)&(5) of NI 31-103

Dealer, Adviser and IFM

When registered under the Securities Act (QC)

• payment of certain fees

s. 271.5(3.1) of Securities Regulation (QC)

Dealer or Adviser (Derivatives)

When registered under the Derivatives Act (QC)

• annual financial statements
• interim financial information
• completed Forms 31-103F1

s. 12.12(1)&(2) &12.13 31-1103

When registered under the Derivatives Act (QC)

• payment of certain fees

s. 5(4) of the Tariffs for costs and fees payable in respect of derivatives.

Ontario only

Adviser (Commodity, futures)

• audited financial statements

s. 15(1) of the CFA General Regulation

Registered Firms or Unregistered Capital Markets Participant

When specified Ontario revenues for a previous financial year has been estimated:

• calculation of specified Ontario revenues
• determination of its participation fee shown in Appendix B of OSC Rule 13-502 Fees ("Rule 13-502") opposite the specified Ontario revenues
• if the participation fee determined under the above paragraph exceeds the participation fee paid under subsection 3.2(1) of Rule 13-502, payment of the balance owing and filing a completed Adjusted Form 13-502F4 Capital Markets Participation Fee Calculation and Form 13-502F5 Adjustment of Fee for Registrant Firms and Unregistered Exempt International Firms via the OSC electronic filing portal.

s. 3.2(2) of Rule 13-502

Commodity Trading Managers

When specified Ontario revenues for a previous financial year has been estimated:

• calculation of specified Ontario revenues
• determination of its participation fee shown in Appendix A of OSC Rule 13-503 (Commodity Futures Act) Fees ("Rule 13-503") opposite the specified Ontario revenues
• if the participation fee determined under the above paragraph exceeds the participation fee paid under subsection 2.3(1) of Rule 13-503, payment of the balance owing and filing of a completed Form 13-503F1 (Commodity Futures Act) - Participation Fee Calculation and Form 13-503F2 Adjustment of Fee Payment.

s. 2.3(2) of Rule 13-503

Alberta Only

Restricted Dealers

• annual financial information
• completed Forms 31-103F1
• Form 1-FR-IB with annual and interim financial information

s. 1(b)(ii) and 1(b)(iv) of the exemption order applicable to each Restricted Dealers

All 4 Jurisdictions

Investment Fund

If a prospectus has a lapse date between March 23, 2020 and June 1, 2020, the investment fund can postpone its prospectus lapse date 45 days later.

s. 2.5 of NI 81-101 & 17.2 of NI 41-101

• annual financial statements
• auditor's report

s. 2.2 of NI 81-106

• interim financial statements

s. 2.4 of NI 81-106

• annual information form

s. 9.3 of NI 81-106

When investment fund is not a scholarship plan

• annual management report of fund performance for each financial year
• interim management report of fund performance for each interim period at the same time that it files its annual financial statements or its interim financial statements for that financial period

s. 4.2 of NI 81-106

• send to each securityholder the annual financial statements, interim financial statements, and the related management report on fund performance

s. 5.1(2) of NI 81-106

• send annually to each securityholder a request form that they may use to instruct the investment fund as to which of the documents the securityholder wishes to receive

s. 5.2(5) & 5.3(3) of NI 81-106

• send a copy of the document requested by each securityholder

s. 5.4 of NI 81-106

Mutual Fund

When mutual fund is not an ETF that is not in continuous distribution and that does not have a principal distributor

• complete and file a compliance report

s. 12.1 of NI 81-102

When mutual fund is not a reporting issuer¹

• provide notice to the regulator of reliance on exemption to file its financial statements

s. 2.11 of NI 81-106

IRC

• report to securityholders of the investment fund that describes the IRC and its activities for the financial year.

s. 4.4 of NI 81-107

Custodian

• deliver custodian compliance reports

s. 14.6(3) of NI 41-101 & 6.7(3) of NI 81-102

Scholarship Plan

• Annual management report of fund performance at the same time as it files its annual financial statements

s. 4.3 of NI 81-106

Labour sponsored or venture capital fund

• independent valuation with the filing of its annual financial statements

s. 8.2(c) of NI 81-106