Companion Policy to NI 81-106 Investment Fund Continuous Disclosure
Part 7 Material Change
Section 7.2

Confidential Material Change Report Report

The CSA are of the view that in order for an investment fund to file a confidential material change report under Section 11.2 of the Instrument, the investment fund or its manager should advise insiders of the prohibition against trading during the filing period of a confidential material change report and must also take steps to monitor trading activity.