Companion Policy to NI 81-102 Investment Funds
Part 10 Sales and Redemptions of Securities
Section 10.1

General –

The purposes of Parts 9, 10 and 11 of the Instrument include ensuring that

(a) investors’ cash is received by an investment fund promptly;

(b) the opportunity for loss of an investors’ cash before investment in the investment fund is minimized; and

(c) the investment fund or the appropriate investor receives all interest that accrues on cash during the periods between delivery of the cash by an investor until investment in the investment fund, in the case of the purchase of investment fund securities, or between payment of the cash by the investment fund until receipt by the investor, in the case of redemptions.