Securities regulators have published a staff notice that deals with frequently asked questions on their rule requiring independent review committees for investment funds.

The rule took effect on Nov. 1, 2006. The Canadian Securities Administrators say that to assist issuers in complying with the rule, they have compiled a list of FAQs and staff’s responses to those questions.

It reports that some readers have raised questions regarding the rule’s application and interpretation. This list of FAQs is divided into two categories: application and transition issues, and specific questions on sections of the instrument.