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February 26, 2006
No special regulations for hedge funds in Canada
The Canadian hedge funds industry is a $30-billion industry. Regulators here have decided that the currently existing rules for investment vehicles are sufficient to regulate this burgeoning industry. This implies that no additional rules and regulations would be laid down specifically for hedge funds.
Globeandmail.com reports:
The Canadian Securities Administrators, that is the umbrella organization for Canada's provincial securities commissions, has more or less decided that hedge funds per se do not require their own separate regulatory regime. However, it has also been indicated that regulators are reviewing how some hedge fund-related products are sold to retail investors.
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