The CSA is seeking comment on proposed amendments to National Instrument 81-102 Investment Funds that would make temporary relief allowing eligible investment funds to participate in the Bank of Canada’s Contingent Term Repo Facility (CTRF) permanent and provide similar relief for future Bank of Canada repurchase facilities. The proposed amendments would exempt reporting issuer investment funds from certain repurchase transaction requirements when transacting with the Bank of Canada, helping ensure that reporting issuer investment funds can continue to access short-term liquidity during periods of market stress. The proposal builds on temporary relief first introduced in 2025 through Coordinated Blanket Order 81-930 Exemptions from Certain Repurchase Transactions Requirements for Investment Funds.
Closing Consultation Date: November 16, 2026
A copy of the Consultation Paper can be found on the website of the following jurisdictions:
Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec, Saskatchewan
Questions about this proposal? Please refer to any of the following:
British Columbia Securities Commission
Noreen Bent
Deputy Director, Corporate Finance Legal Services
Phone: 604-899-6741
Email: nbent@bcsc.bc.ca
James Leong
Senior Legal Counsel, Corporate Finance
Phone: 604-899-6681
Email: jleong@bcsc.bc.ca
Alberta Securities Commission
Chad Conrad
Senior Legal Counsel, Investment Funds, Corporate Finance
Phone: 403-297-4295
Email: chad.conrad@asc.ca
Financial and Consumer Affairs Authority of Saskatchewan
Heather Kuchuran
Director, Corporate Finance, Securities Division
Tel: 306-787-1009
Email: heather.kuchuran@gov.sk.ca
Manitoba Securities Commission
Patrick Weeks
Deputy Director, Corporate Finance
Phone: 204-945-3326
Email: patrick.weeks@gov.mb.ca
Ontario Securities Commission
Frederick Gerra
Senior Legal Counsel, Investment Management Division
Phone: 416-204-4956
Email: fgerra@osc.ca
Stephen Paglia
Vice-President, Investment Management Division
Phone: 416-593-2393
Email: spaglia@osc.ca
Irene Lee
Senior Legal Counsel, Investment Management Division
Phone: 416-593-3668
Email: ilee@osc.ca
Neeti Varma
Associate Vice-President, Investment Management Division
Phone: 416-593-8067
E-mail: nvarma@osc.ca
Autorité des marchés financiers
Philippe Lessard
Investment Funds Analyst, Asset Management Policy and Technological Innovation
Tel: 514 395-0337, ext. 4364
Email: Philippe.Lessard@lautorite.qc.ca
Robin Marcoux
Senior Analyst, Asset Management Oversight
Tel: (514) 395-0337, ext. 4426
Email: robin.marcoux@lautorite.qc.ca
Financial and Consumer Services Commission of New Brunswick
Ray Burke
Manager, Corporate Finance
Phone: 506-643-7435
Email: ray.burke@fcnb.ca
Nova Scotia Securities Commission
Jack Jiang
Securities Analyst
Phone: 902-424-7059
Email: jack.jiang@novascotia.ca
Technical questions about submitting your comments? Click here to contact the CSA Secretariat. Or alternatively please reach out to info@acvm-csa.ca.