National Instrument 81-102 Investment Funds
Part 1 Definitions and Application
Section 1.1 Definitions

non-resident sub-adviser

“non-resident sub-adviser” means a person or company providing portfolio management advice

(a) whose principal place of business is outside of Canada,

(b) that advises a portfolio adviser to an investment fund, and

(c) that is not registered under securities legislation in the jurisdiction in which the portfolio adviser that it advises is located;