Canada’s new liquid alternatives law – or National Instrument 81-102 Investment Funds to give it legal nomenclature – came into effect on January 3rd. The amendment to the regulation was years in the making and is designed to modernise Canada’s mutual fund laws to provide retail investors with more choice when it comes to investing in funds - and investment managers with a new avenue for raising capital.
Reception to the new laws within Canada’s alternative investment community has been positive.
