Canadian Securities Administrators Issue Hedge Fund Notice

Date: Monday, February 12, 2007
Author: Mondaq.com

On January 12, 2007 the Canadian Securities Administrators (the "CSA") published Staff Notice 81-316 – Hedge Funds (the "Notice"), which sets out the results of a review by the CSA of the hedge fund sector (including principal protected notes) and outlines some general concerns and courses of action which the CSA intend to pursue with respect to these products and the manner in which they are distributed.