The Investment Funds Branch of the Ontario Securities Commission has produced a Webcast about a new rule of the Canadian Securities Administrators which sets out the continuous disclosure requirements for all investment funds.

According to the OSC, the webcast explains some key requirements of National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-106), which is accompanied by Companion Policy 81-106CP.

The purpose of continuous disclosure rule is to harmonize continuous disclosure requirements among jurisdictions in Canada and to consolidate requirements currently found in legislation, various rules and policies into one rule. The rule applies to all types of investment funds, including mutual funds, non-redeemable investment funds, labour sponsored funds and scholarship plans.

The OSC webcast is approximately 40 minutes in length and is posted in the webcast section of Canada NewsWire (http://www.newswire.ca/en/).

NI 81-106 and related consequential amendments were published on March 11, 2005, and can be found on the OSC website as well as websites of other members of the CSA. NI 81-106 is expected to come into force on June 1, 2005.

The OSC says the webcast is meant for informational purposes only and was written for market participants in Ontario, although stakeholders in other jurisdictions may find the content informative.