The Canadian Securities Administrators are moving ahead with amendments to the continuous disclosure requirements for investment funds.

If all the necessary approvals are obtained, the amendments will come into force on September 8. The amendments to the harmonized CD rule have two main purposes: to modify the requirements regarding the calculation of net asset value following the introduction a new accounting rule, and to clarify or correct certain other provisions.

The proposed amendments were published for comment on June 1, 2007.

The CSA received submissions from nine commenters, and while it made some changes to the proposal as a aresult, those changes are not deemed material.