DELIVERY BY ACCESS – DID THE CSA HIT THE RIGHT MARK? NOT QUITE.
On September 27, 2022, the CSA published amendments to certain sections of NI 81-106 to allow for access-based model as an alternative to delivering financial statements in an aim to reduce the regulatory burden on fund reporting issuers. While definitely a step in the right direction, it misses the mark in a material way. With this, we think IIAC Members will find the analysis from McMillan LLP an interesting (and spot on) perspective.